Metairie Mixed-Use
2209 ATHANIA Parkway Metairie, LA 70001
For Sale
$270,000
COMMERCIAL - Metairie, LA
Property Size1,682 SF
Price / SF$160.52
Days on Market198
Property Features for 2209 ATHANIA Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- BC2
- Parking features
- Garage
- Standard status
- Active
- APN
- 0820020324
- Size
- 1,682 SF
Taxes and HOA fees
- Tax Description
- LOT 125 SQ 14 ATHANIA ADD #2 10026782 10555031
Utilities
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
Listing Agency:
NOLA Real Estate 4-U, LLC
(504) 304-9597
Listed By:
Sandra Bondi
(504) 304-9597
Added: Jan 9
Changed: Apr 27
Last Checked: Jul 26 at 7:06PM
MLS# 2537308
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property, located in the heart of Metairie, is a mid-century home featuring original oak floors. Constructed with a double slab, the all-brick building did not flood during Katrina. Zoned BC2 (Business Core District), the property allows for a variety of business uses such as retail, offices, and services, as well as residential use. The property is suitable for a small business or for living and working from home. The building has an attached garage. The property contains 1,682 square feet.
Key Highlights
- Zoned BC2 allowing for residential or commercial use.
- Solid, well‑maintained, all‑brick 3‑bedroom, 2‑bath home with attached garage.
- Original oak floors and solid construction.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $18.84 |
| − Vacancy | −$1.6k | −$0.94 |
| EGI | $30.1k | $17.90 |
| − OpEx | −$9.0k | −$5.37 |
| NOI | $21.1k | $12.53 |
1,682 SF · lease $18.84/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$301.0K
$263.4K – $351.2K
NOI $21,073 @ 7.0% cap · market cap 7.80%
Second Best
Mixed Use
$291.9K
$255.5K – $340.6K
NOI $20,436 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$393.9K
$344.7K – $459.5K
NOI $27,572 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Mixed-use property - Mid-century home zoned for business or residential use.
Where is this mixed-use property located?
The property is located at 2209 ATHANIA Parkway Metairie, LA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Zoned BC2 allowing for residential or commercial use.; Solid, well‑maintained, all‑brick 3‑bedroom, 2‑bath home with attached garage.; Original oak floors and solid construction.
