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    3114 Severn Ave Metairie, LA 70002

    For Lease
    $30 SF/Yr

    Prime Retail Space, High Traffic Area

    Lot size:
    10,626 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Severn Shopping Center presents a unique investment opportunity for discerning retail businesses seeking a prime location in Jefferson Parish. This multi-tenant retail property boasts exceptional visibility and accessibility, situated on Severn Avenue in close proximity to the bustling Lakeside Mall. The high-traffic area ensures consistent customer flow, providing significant potential for increased sales and brand recognition. The property's strategic location offers unparalleled exposure to a large and diverse customer base, making it an ideal choice for a variety of retail ventures. This is a chance to establish or expand your business within a thriving commercial environment. The property's classification as a multi-tenant retail space allows for flexibility and potential for shared operational costs. Further details regarding lease terms, square footage, and available units can be provided upon request. This is an exceptional opportunity to secure a prominent retail presence in a high-demand area with significant growth potential. Don't miss out on this chance to capitalize on the vibrant commercial landscape of Jefferson Parish. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 3114 Severn Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,626 SF

    Unit(s) available at that property

    Space
    Suite A
    Size
    5,313 SF
    Rate per SF
    $32
    Space
    Suite A2
    Size
    1,930 SF
    Rate per SF
    $36
    Space
    Suite A1
    Size
    1,257 SF
    Rate per SF
    $38
    Space
    Suite A3
    Size
    2,126 SF
    Rate per SF
    $34

    HighLights

    • Prime retail location in Jefferson Parish.
    • Multiple‑tenant retail property on Severn Ave near Lakeside Mall.
    • High‑traffic area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pearl's Place Bridal Shop Yahrow's goal of living Housing Complex jstone Watch Store

    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
    -90.159370248668
    Latitude
    30.007370683244

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Traffic Area
    Where is this retail property located?
    The property is located at 3114 Severn Ave Metairie, LA.
    What is the lease rate?
    The lease rate is $32-$38 SF/Yr.
    What are key features of this property?
    This property features: Prime retail location in Jefferson Parish.; Multiple-tenant retail property on Severn Ave near Lakeside Mall.; High-traffic area.
    Request Owner's contact information
    3114 Severn Ave 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
    3114 Severn Ave Metairie, LA 70002
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