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    649 Papworth Ave Metairie, LA 70005

    Sponsored
    For Lease
    $12 SF/Yr ($6,000 /Mo)

    Jefferson Parish Executive Suites, Coworking

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story, 6,000 square foot office building in Jefferson Parish's Airport-Metairie-Kenner submarket presents a unique opportunity. Currently fully vacant, the space is ideal for a variety of uses, including executive suites, coworking spaces, or creative offices. The building features flexible layouts, accommodating spaces ranging from 1,200 to 6,000 contiguous square feet. The owner is undertaking cosmetic renovations, and build-to-suit options are available, with occupancy anticipated within 90-180 days depending on lease terms and improvements. The building boasts a brick and aluminum exterior with an arched roof and ample surface parking surrounding the perimeter. A fenced rear yard offers additional parking or storage potential, further enhanced by planned grading and limestone additions. The property is zoned C-1 and features a walk-up second floor. This versatile space is perfect for businesses seeking a prime location with customizable options and convenient parking. The APN is 125987. Contact us to schedule a viewing and discuss the refurbishment details.

    Property Features for 649 Papworth Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Total Rate
    6000

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Suite 200
    Size
    2,000 SF
    Rate per SF
    $12

    HighLights

    • 6,000 SF office building available for lease in the Airport‑Metairie‑Kenner submarket of Jefferson Parish.
    • The property features multiple suites ranging from 1,200 SF to 6,000 SF, with 6,000 SF currently vacant.
    • The building is a two‑story structure with surface parking and C‑1 zoning.
    • The owner will consider build‑to‑suit options and is currently refurbishing the space.
    • The property includes a fenced yard area suitable for additional parking or storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Expert Insurance Services Insurance Agency Lifetime Construction LLC Construction Company A-1 Cajun Cleaning ... Janitorial Service Firestop International LLC General Contractor All Star Insulation Insulation Contractor

    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
    -90.1265033
    Latitude
    29.9983357

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    FAQs

    What type of property is this?
    Office space - Jefferson Parish Executive Suites, Coworking
    Where is this office space located?
    The property is located at 649 Papworth Ave Metairie, LA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 6,000 SF office building available for lease in the Airport-Metairie-Kenner submarket of Jefferson Parish.; The property features multiple suites ranging from 1,200 SF to 6,000 SF, with 6,000 SF currently vacant.; The building is a two-story structure with surface parking and C-1 zoning.
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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
    649 Papworth Ave Metairie, LA 70005
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