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    201 Pasadena Ave Metairie, LA 70001

    Sponsored
    For Sale
    $3,100,000

    Vacant Gym, Huge Potential

    Property size:
    19,043 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 201 Pasadena Ave, Metairie, LA 70001, presents a unique investment opportunity. The property consists of a vacant 19,043 square foot building, formerly Ridgewood Preparatory Gymnasium, featuring a gymnasium, locker rooms, a band area, and a classroom building. The site is divided into two parcels

    Property Features for 201 Pasadena Ave

    General Information

    Property type
    Retail properties
    Square Feet
    19,043 SF

    HighLights

    • Former Ridgewood Preparatory Gymnasium building at 201 Pasadena Ave, Metairie, LA 70001.
    • Features gymnasium, locker rooms, band area, and classroom building.
    • Two parcels: 20,000 SF improved parcel and a 19,250 SF vacant parcel across Giuffrias Avenue, previously used as an athletic field.
    • Zoning: C‑2 General Commercial (building with amenities); R‑2 Two‑family Residential (gymnasium and most vacant lots).
    • Available as a package or separately.
    • Building #1 (with parking lot) offered at $2,300,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Orleans Renegades ... Baseball Club

    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
    -90.1728008
    Latitude
    29.9761538

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    FAQs

    What type of property is this?
    Retail property - Vacant Gym, Huge Potential
    Where is this retail property located?
    The property is located at 201 Pasadena Ave Metairie, LA.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: Former Ridgewood Preparatory Gymnasium building at 201 Pasadena Ave, Metairie, LA 70001.; Features gymnasium, locker rooms, band area, and classroom building.; Two parcels: 20,000 SF improved parcel and a 19,250 SF vacant parcel across Giuffrias Avenue, previously used as an athletic field.
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    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
    201 Pasadena Ave Metairie, LA 70001
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