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    201 Pasadena Ave Metairie, LA 70001

    For Sale
    $5,400,000

    Versatile 52,260 SF Property, $5.4M

    Property size:
    52,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 52,260 square foot property in Metairie, Louisiana, presents a unique investment opportunity. The former Ridgewood Preparatory School campus, situated on 2.78 acres, offers a main campus building and a separate gymnasium building, both with ample parking. The main campus, encompassing 71,500 square feet (1.64 acres), features poured concrete slab foundations, wood frame structures, and brick and metal exterior walls. The pitched shingle roof covers a space with hardwood and carpeted floors (excluding the gym), and interior walls of painted sheetrock, cinder block, and brick. The gymnasium building sits on an additional 41,250 square feet of land. The property boasts a desirable C-2 & R-2 zoning, allowing for diverse commercial and residential uses. The overall condition of the buildings is good. This property is available for sale as a whole ($5,400,000) or in two separate packages: the main campus building and associated parking for $2,300,000, and the gymnasium building and its parking for $3,100,000. Located at 201 Pasadena Ave, Metairie, LA 70001, this property is ready for its next chapter. The address is 201 Pasadena Ave, Metairie, LA 70001.

    Property Features for 201 Pasadena Ave

    General Information

    Property type
    Schools
    Square Feet
    52,260 SF
    Lot Size
    121,097 SF

    HighLights

    • Exceptional 52,260 SF investment opportunity in Metairie, LA.
    • Main campus building (71,500 SF) and separate gymnasium building available for $5,400,000.
    • Main campus building and parking offered at $2,300,000.
    • Gymnasium building and parking offered at $3,100,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Orleans Renegades ... Baseball Club

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1728008
    Latitude
    29.9761538

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    FAQs

    What type of property is this?
    School - Versatile 52,260 SF Property, $5.4M
    Where is this school located?
    The property is located at 201 Pasadena Ave Metairie, LA.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: Exceptional 52,260 SF investment opportunity in Metairie, LA.; Main campus building (71,500 SF) and separate gymnasium building available for $5,400,000.; Main campus building and parking offered at $2,300,000.
    Request Owner's contact information
    201 Pasadena Ave Metairie, LA 70001
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    Metairie, LA 70001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 Pasadena Ave Metairie, LA 70001
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