NOT LISTED FOR SALE

111 Wright Ave Terrytown, LA 70056

-- Bed
-- Bath
7,409 Sq Ft
1950 Built

Sale Details

Date Sold: August 30, 2024

90 Days on Market

Highlights

  • Oversized Lot
  • Gretna No. 2 Academy for Advanced Studies Rated A-
  • Property has 1 Level

About This Home

As of August 2024

Available for sale and serving as an outparcel for the Terry Parkway Plaza, 111 Wright offers two freestanding retail buildings available as a single parcel. 111 Wright Unit A is fully leased to an events space, currently generating $4,000/mo NNN and standing at ~4,000 SF. Unit B, at ~3,500 SF, is currently in shell condition and is available for occupancy. The two properties face each other and share a large parking area, with primary access along Terry Pkwy or on Wright Avenue. Both properties are in need of new roofs, which is factored into the list price. The property is ideal for investment or an owner-operator looking for additional income from the leased space.

The site is located on high-traffic Terry Parkway and is steps from the Oakwood shopping center, a large scale regional shopping mall with tenants such as Dillards, JC Penny, H&M, and many many others.

Last Agent to Sell the Property

Aaron Kazanoff

Ben & Burka License #995700882 Listed on: 04/23/2024

Last Buyer's Agent

KRISTI SALVAGGIO

Sound Realty LLC License #995700333

Property Details

Property Type

  • Other

Year Built

  • Built in 1950

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,409 Sq Ft Home
  • Property has 1 Level

Parking

  • Parking Lot
  • Off-Street Parking

Lot Details

  • Lot Dimensions are 97 x 178
  • Oversized Lot
  • The community has rules related to zoning restrictions
  • Zoning described as C-1

Location

  • City Lot

Community Details

  • Common Area

Listing and Financial Details

  • Tenant pays for all utilities, insurance, janitorial service, taxes

Property Details

Property Type

Other

Year Built

Built in 1950

Listing Details

  • Prop. Type: Commercial Sale
  • Business Type: Restaurant
  • Lot Size: 97 x 178
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Retail
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 1

Exterior Features

  • Lot Features: City Lot, Oversized Lot
  • Construction Type: Block

Garage/Parking

  • Parking Features: Off Street, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Common Grounds/Area

Lot Info

  • Zoning Description: C-1
  • Zoning: C-1
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, Insurance, Janitorial Service, Taxes

Multi Family

  • Annual Gross Income: 48000.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold -- -- --
07/22/2024 07/22/24 Pending -- -- --
07/02/2024 07/02/24 Price Changed $475,000 -29.6% $64 / Sq Ft
04/23/2024 04/23/24 For Sale $675,000 -- $91 / Sq Ft
Source: ROAM MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,208 $54,180 $15,560 $38,620
2024 -- $66,380 $15,560 $50,820
2023 $8,010 $61,270 $14,410 $46,860
2022 $7,807 $61,270 $14,410 $46,860
2021 $7,358 $61,270 $14,410 $46,860
2020 $7,306 $61,270 $14,410 $46,860
2019 $7,364 $60,210 $13,350 $46,860
2018 $6,879 $60,210 $13,350 $46,860
2017 $6,593 $60,210 $13,350 $46,860
2016 $6,461 $60,210 $13,350 $46,860
2015 $7,319 $69,760 $13,350 $56,410
2014 $7,319 $69,760 $13,350 $56,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ROAM MLS

MLS Number: 2444537

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