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    101 Causeway Blvd Metairie, LA 70001

    Sponsored
    For Sale
    $460,000

    11,000 SF Commercial/Residential Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,000 square foot lot presents a unique investment opportunity in the highly desirable Metairie, Louisiana market. Located at the prominent corner of River Road and Causeway Boulevard, this property boasts a prime location with exceptional visibility and accessibility. The land is zoned for both residential and commercial use, offering unparalleled flexibility for a variety of development projects. With an asking price of $460,000, the price per square foot comes to $41.82, reflecting a strong value proposition in this competitive market. The property's APN is 23430. The address is 101 N Causeway Blvd, Metairie, LA 70001, situated in Jefferson Parish. Its convenient location offers easy access to major thoroughfares, ensuring high traffic volume and excellent exposure for any commercial venture. Furthermore, a ground lease option is available at a rate of $3 per square foot, providing an attractive alternative for potential investors seeking a lower initial capital outlay. This versatile property is ideal for developers seeking to capitalize on the robust Metairie real estate market, offering a blank canvas for a diverse range of projects, from residential developments to commercial enterprises. The substantial lot size and strategic location make this an exceptional opportunity not to be missed.

    Property Features for 101 Causeway Blvd

    General Information

    Property type
    Land

    HighLights

    • 11,000 SF lot at the corner of Causeway Blvd and River Rd in Metairie, LA.
    • Ground lease available at $3/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Liberty Welding & Iron ... Metal Fabricator

    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
    -90.1543272
    Latitude
    29.9752769

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    FAQs

    What type of property is this?
    Land - 11,000 SF Commercial/Residential Lot
    Where is this land located?
    The property is located at 101 Causeway Blvd Metairie, LA.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: 11,000 SF lot at the corner of Causeway Blvd and River Rd in Metairie, LA.; Ground lease available at $3/SF.;
    Request Owner's contact information
    101 Causeway Blvd 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
    101 Causeway Blvd Metairie, LA 70001
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