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    3524 16Th St Metairie, LA 70002

    Sponsored
    For Sale
    $290,000

    Prime Metairie office condos, high-traffic location.

    Property size:
    38,084 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two office condo units for sale within a single building situated in Metairie's thriving commercial district. The property, located at 3524 16th Street, boasts a highly visible location just one block from Lakeside Mall and off of Severn Avenue, surrounded by a mix of local and national retailers ensuring high foot traffic and excellent visibility. The building itself is a two-story structure situated on a 7,200 square foot lot, offering a total of 38,084 to 93,772 square feet of office space, divided into multiple units. Currently, Unit A (ground floor) is available for $290,000. Unit F (second floor) is also available, though pricing is not included in this listing. The property is zoned FC-3 and includes 14 shared parking spaces for the convenience of tenants and clients. This presents a rare chance to acquire a well-positioned commercial property in a high-demand area with significant potential for growth and return on investment. The property's strategic location and ample parking make it an attractive option for a variety of businesses. This is an ideal opportunity for investors seeking a strong foothold in the Metairie commercial real estate market.

    Property Features for 3524 16Th St

    General Information

    Property type
    Office space
    Square Feet
    38,084 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional location in Metairie's thriving commercial district, one block from Lakeside Mall.
    • 14 shared parking spaces.
    • High‑traffic area with excellent visibility near local and national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deaton Cary J Lawyer Concord Shore Services Cruise Agency Client Services Unlimited Accountant Mike Haffner & Associates ... Real Estate Appraiser Personal Touch Therapeutic Massage Therapist

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.160030534998
    Latitude
    30.010157955803

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    FAQs

    What type of property is this?
    Office space - Prime Metairie office condos, high-traffic location.
    Where is this office space located?
    The property is located at 3524 16Th St Metairie, LA.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Exceptional location in Metairie's thriving commercial district, one block from Lakeside Mall.; 14 shared parking spaces.; High-traffic area with excellent visibility near local and national retailers.
    Request Owner's contact information
    3524 16Th St Metairie, LA 70002
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    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
    3524 16Th St Metairie, LA 70002
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