FOR SALE - OFFERS DUE: JUNE 15 18,650± SF RETAIL BUILDING - 1716 BARATARIA BLVD, MARRERO, LA OFFERING SUMMARY Sale Price: Determined By Market (Previously Listed at $1,300,000) Offer Deadline: June 15 On-Site Inspections: By Appointment ONLY Lot Size: 1.81 Acres Year Built: 1968 Building Size: 18,650 SF Zoning: C2 & CPZ - General Commercial District Traffic Count: 90,000 Taxes (2017) $14,613 PROPERTY OVERVIEW This well-located, retail showroom building is for sale along the high-traffic corridor of Barataria Boulevard (42,300+ VDP) in Marrero, Louisiana. The property is currently occupied by a furniture showroom and warehouse (business is also available for sale to interested parties) but could be vacated for a new user. A vibrant retail area surrounds the site with nearby co-tenants including Home Depot, Lowe's and Walmart, among many others. PROPERTY HIGHLIGHTS Located along high-traffic Barataria Blvd (42,300+ VPD) Operating businesses in place available for purchase Busy retail area with co-tenants including Home Depot, Lowe's & Walmart Healthy, well-established commercial & residential market with strong demographics Two additional lots adjoining property allowing overhead loading doors access & building expansion Additional truck storage along owned 20 ft wide driveway behind main building Ample parking (45 surface spaces)
ADDITIONAL PHOTOS
ADDITIONAL PHOTO
RETAILER MAP
LOCATION MAP
TERMS OF SALE SITE DESCRIPTION Hilco Real Estate is pleased to announce the Offer Deadline of June 15 for an 18,650± SF Retail Showroom in Marrero, Louisiana. This high-profile property is located along the high-traffic corridor of Barataria Blvd (42,300+ VPD), in one of New Orleans' largest retail markets. Surrounded by a vibrant retail area, the property is adjacent to multiple national retail companies, including CVS, Home Depot, Lowe's, Walgreens and Walmart. Currently, the property is occupied by an operating furniture showroom (18,650 SF), which has been in business for 20+ years and can be purchased in addition to the property. The building is made up of 11,450 SF of air-conditioned showroom space and an additional 6,400 SF of warehouse space with two drive-in access doors. The property has ample parking for the business, with 45 surface spaces, allowing for easy accessibility at its intersection hard corner location. TERMS OF SALE OFFER DEADLINE: June 15 by 5:00 p.m. (CT) ON-SITE INSPECTIONS: By Appointment Only (Business[es] Operating) Offers must be delivered to the offices of Hilco Real Estate on or before 5:00 p.m. (CT) on the day of the deadline to be considered. Interested buyers may submit their offers via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, or via email to. COMPLETE OFFERS: Offers should be submitted on a basic Letter of Intent form with terms including Purchase Price, List of Contingencies, Timeframe for Due Diligence and Closing, Earnest Money Deposit, Source of Buyer s Capital / Proof of Financial Wherewithal and Experience in completing similar transactions. More complete offers will be given higher consideration. DUE DILIGENCE INFORMATION: A Virtual Data Room has been set up and contains important due diligence information on the property. To gain access, buyers must register for an account at www.hilcorealestate.com. BUYER'S PREMIUM: A 6% Buyer s Premium will be added to the High Offer Price. BROKER PARTICIPATION INVITED: A co-op fee of 2% will be paid to the REALTOR /Broker whose registered buyer closes on the property offered as part of this sale. Hilco Real Estate, LLC, in cooperation with Paul Lynn, LA Broker, Lic. #76068-ACT. The above information is subject to inspection and verification by all parties who are relying on it to formulate a bid. No liability for its inaccuracy, errors, omissions, is assumed by the Seller or its agents.