NOT LISTED FOR SALE

111 Wright Ave Terrytown, LA 70056

Estimated Value: $567,000

Studio
-- Bath
7,409 Sq Ft
$77/Sq Ft Est. Value

Last Sold August 30, 2024

Current estimated payment $3,514/month

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

Lot Details

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

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

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

Parking

  • Parking Lot
  • Off-Street Parking

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

Lot Details

0

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2024
Closed on
Aug 30, 2024
Sold by
Sorelle Llc
Bought by
Music Man Productions Llc
Seller's Agent
Aaron Kazanoff
Ben & Burka
Buyer's Agent
KRISTI SALVAGGIO
Sound Realty LLC
List Price
$675,000
Views
7
Current Estimated Value
$567,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.36%
Original Mortgage
$603,419
Outstanding Balance
$597,025
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$30,025
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Music Man Productions Llc $435,000 Delta Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Music Man Productions Llc $603,419
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
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

  • Aaron Kazanoff

    Seller's Agent in 2024

    Aaron Kazanoff

    Ben & Burka

    (504) 301-1002

    1 in this area

    51 Total Sales

    Aaron Kazanoff
    Section Image

  • K

    Buyer's Agent in 2024

    KRISTI SALVAGGIO

    Sound Realty LLC

    (504) 554-9246

    2 in this area

    80 Total Sales

    KRISTI SALVAGGIO
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2444537

APN: 0200006905

Louisiana Jefferson Parish Terrytown 70056

111 Wright Ave, Terrytown, LA

Not Listed for Sale

Other

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