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    5245 Veterans Blvd Metairie, LA 70006

    Sponsored
    For Lease
    $20 SF/Yr

    High-traffic retail space, fully renovated.

    Lot size:
    40,429 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 40,429-square-foot single-story retail building is ideally situated on a 3.321-acre lot at 5245 Veterans Boulevard in Metairie, Louisiana, zip code 70006. Boasting a prime location on a major retail thoroughfare with 33,324 vehicles passing daily, this property offers unparalleled visibility and accessibility. The building features approximately 200 parking spaces, ensuring ample customer convenience. Multiple curb cuts onto Veterans Boulevard, as well as access points to York Street and Kent Avenue, provide easy ingress and egress. The property benefits from highly visible signage opportunities. Originally constructed as a grocery store and later occupied by Conn's, this building underwent a complete renovation in 2019, encompassing foundation, parking lot, roof, and HVAC systems. This comprehensive refurbishment ensures a move-in ready condition. The flexible layout makes it adaptable to a wide range of retail and commercial uses. Jefferson Parish's Commercial zoning designation further enhances its marketability. This is a truly exceptional opportunity for businesses seeking a high-profile location in a thriving retail market.

    Property Features for 5245 Veterans Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,429 SF
    Total Rate
    67381.67

    Unit(s) available at that property

    Space
    Size
    40,429 SF
    Rate per SF
    $20

    HighLights

    • High visibility, multiple curb cuts, and prominent Vets Highway location with ample parking.
    • Excellent signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conn's HomePlus Electronics Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1991478
    Latitude
    30.0067332

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, fully renovated.
    Where is this individual retail property located?
    The property is located at 5245 Veterans Blvd Metairie, LA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High visibility, multiple curb cuts, and prominent Vets Highway location with ample parking.; Excellent signage opportunities.;
    Request Owner's contact information
    5245 Veterans Blvd Metairie, LA 70006
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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
    5245 Veterans Blvd Metairie, LA 70006
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