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    3242-3264 Severn Ave Metairie, LA 70002

    For Lease
    Contact for pricing

    Prime Retail Space Near Lakeside Mall

    Lot size:
    20,112 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property, located at 3242-3264 Severn Avenue in Jefferson Parish, offers 1,385 to 3,233 square feet of available space in a vibrant shopping center. Situated directly across from the expansive 1.2 million square foot Lakeside Shopping Center, home to major retailers like Macy's, Dillard's, and Zara, along with over 120 other stores and restaurants, this location benefits from significant foot traffic and brand recognition. The property boasts ample parking, ensuring convenient access for customers. The surrounding Metairie area demonstrates robust retail performance, with estimated annual sales exceeding $13 billion. This prime location offers excellent visibility and accessibility, with easy access to major roadways including North Causeway Boulevard, West Esplanade Avenue, Veterans Boulevard, and Interstate 10. The building itself comprises 20,112 square feet across two suites, providing a strong foundation for a thriving retail business. The available space is ideal for a variety of retail uses, offering a flexible layout to accommodate diverse business needs. This opportunity presents a unique chance to establish a presence in a high-traffic, high-sales area with excellent visibility and convenient access. The property's strategic location and ample parking make it an attractive option for businesses seeking a thriving retail environment.

    Property Features for 3242-3264 Severn Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,112 SF

    Unit(s) available at that property

    Space
    Suite 3258
    Size
    1,385 SF

    HighLights

    • 1,385 SF - 3,233 SF of retail space available at 17th & Severn Ave.
    • Prime location across from the 1.2M SF Lakeside Shopping Center (Macy's, Dillard's, Zara, 120+ stores).
    • High‑volume retail area with over $13B in estimated annual sales.
    • Excellent access to N. Causeway Blvd, W. Esplanade Ave, Veterans Blvd, and I‑10.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1602832
    Latitude
    30.0090735

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space Near Lakeside Mall
    Where is this lifestyle center located?
    The property is located at 3242-3264 Severn Ave Metairie, LA.
    What are key features of this property?
    This property features: 1,385 SF - 3,233 SF of retail space available at 17th & Severn Ave.; Prime location across from the 1.2M SF Lakeside Shopping Center (Macy's, Dillard's, Zara, 120+ stores).; High-volume retail area with over $13B in estimated annual sales.
    Request Owner's contact information
    3242-3264 Severn Ave Metairie, LA 70002
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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
    3242-3264 Severn Ave Metairie, LA 70002
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