201 Pasadena Avenue Metairie, LA 70001

Listing agency Southeast Commercial Real Estate m***@matteatonccim.com Show Phone

Listed by Martin O. Miller III · License #LA 0000021994

Source Crexi

Added: Jan 23, 2024 Updated: Jul 6 at 8:03AM Checked: Jul 21 at 12:38PM

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Investment Insights

Based on property information with market context.

This property comprises the former Ridgewood Preparatory School campus, which includes a main campus spanning 71,500 square feet (1.64 acres) and an adjacent vacant parcel of 41,250 square feet. The main campus features buildings with poured concrete slab foundations, wood frame structures, and brick and metal exterior walls, topped with a pitched shingle roof. Interior finishes consist of hardwood and carpet, with painted sheetrock or cinder block and brick walls, except for the gym. The overall condition of the improvements is good. The main campus area, which includes the buildings, is zoned C-2 General Commercial & R-2 Two-Family Residential. The vacant lots across the street are primarily zoned R-2, Two-Family Residential, with one lot (#15) zoned C-2. The vacant parcel was previously utilized as parking and an athletic field. The property can be sold as a package or separately.

Key Highlights

• Large main campus with existing school buildings in good condition.
• Additional vacant parcel previously used for parking and athletics.
• Zoned C‑2 General Commercial & R‑2 Two‑Family Residential, offering diverse redevelopment possibilities.

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FAQs

What type of property is this?

School - Existing school campus with potential for commercial or residential redevelopment.

Where is this school located?

The property is located at 201 Pasadena Avenue 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: Large main campus with existing school buildings in good condition.; Additional vacant parcel previously used for parking and athletics.; Zoned C‑2 General Commercial & R‑2 Two‑Family Residential, offering diverse redevelopment possibilities.