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    701 Metairie Rd Metairie, LA 70005

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Metairie location, renovated medical office suites.

    Lot size:
    84,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story, 84,400 square foot mixed-use development, located at 701 Metairie Road in Metairie, Louisiana, offers a unique opportunity for medical and office tenants. Built in 1987 and extensively renovated in 2020, Old Metairie Village boasts three buildings with a total of three stories and elevators. The property sits on a substantial 200,812 square foot lot and currently has 10,919 square feet of vacant space available, divisible into units ranging from 1,500 to 9,244 contiguous square feet. The property features a diverse tenant mix, including upscale retail on the first floor and medical and office spaces on the upper floors. Situated in the affluent Old Metairie submarket of Jefferson Parish (APN: JP-128902), this location benefits from high traffic counts and a strong demographic profile, making it an ideal investment opportunity. The property's strategic location within the Airport-Metairie-Kenner submarket, combined with its recent renovations and flexible space options, presents a compelling opportunity for businesses seeking a prestigious and well-located address in the heart of Metairie. The former fitness club space offers a unique opportunity for adaptive reuse. This property is a dominant force in the local market due to its tenant mix and affluent clientele.

    Property Features for 701 Metairie Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    84,400 SF
    Total Rate
    133633.33

    Building Details

    Year Built/Renovated
    1987/2020
    Buildings
    3
    Stories
    3

    Unit(s) available at that property

    Space
    Suite AAA
    Size
    9,244 SF
    Rate per SF
    $25
    Space
    Suite H
    Size
    1,500 SF
    Rate per SF
    $40
    Space
    Suite MM-1A
    Size
    1,575 SF
    Rate per SF
    $35

    HighLights

    • Three‑building complex.
    • Three‑story buildings.
    • Renovated in 2020.
    • Surface parking available.
    • One passenger elevator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tully Gerard R ... Dentist Subway Sandwich Shop East Jefferson Primary ... Family Practice Physician Old Metairie Orthodontics: ... Dental Clinic Tillery And Tillery Attys Attorney

    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
    -90.1306108
    Latitude
    29.9884996

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Metairie location, renovated medical office suites.
    Where is this lifestyle center located?
    The property is located at 701 Metairie Rd Metairie, LA.
    What is the lease rate?
    The lease rate is $25-$40 SF/Yr.
    What are key features of this property?
    This property features: Three-building complex.; Three-story buildings.; Renovated in 2020.
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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
    701 Metairie Rd Metairie, LA 70005
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