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    3500-3700 Carrollton Ave Arabi, LA 70032

    For Lease
    Contact for pricing

    High-traffic location, 219,528 SF

    Lot size:
    219,528 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Carrollton Central Plaza, located at 3500-3700 South Carrollton Avenue in Arabi, Louisiana (zip code 70032), presents a significant retail investment opportunity. This single-tenant commercial property boasts a total building area of 219,528 square feet, strategically situated at a key intersection in New Orleans: I-10 and Carrollton Avenue. The property currently houses two ground lease tenants: Costco, the only location serving the New Orleans market, and CVS. In addition to these anchor tenants, the property also includes two retail centers. While a portion of the space is currently vacant (2,092 square feet), the substantial existing tenancy and prime location offer exceptional potential for growth and return on investment. The property is located in St. Bernard Parish and offers excellent visibility and accessibility due to its high-traffic location. This presents a rare opportunity to acquire a well-established retail property in a thriving market. The property's size and established tenancy make it an attractive investment for both experienced and emerging investors seeking a strong foothold in the New Orleans retail market. The existing infrastructure and high-profile tenants provide a solid foundation for future development and expansion.

    Property Features for 3500-3700 Carrollton Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    219,528 SF

    Unit(s) available at that property

    Space
    Suite 3620
    Size
    2,092 SF

    HighLights

    • 219,528 square foot retail property in Arabi, LA (70032).
    • Located at the I‑10 and Carrollton Avenue intersection.
    • Anchored by Costco (only New Orleans location) and CVS.
    • Includes two additional retail centers.
    • Currently 2,092 square feet of vacant space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Arabi
    County
    St. Bernard Parish
    State
    Louisiana
    Longitude
    -89.9976686
    Latitude
    29.9595992

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, 219,528 SF
    Where is this retail property located?
    The property is located at 3500-3700 Carrollton Ave Arabi, LA.
    What are key features of this property?
    This property features: 219,528 square foot retail property in Arabi, LA (70032).; Located at the I-10 and Carrollton Avenue intersection.; Anchored by Costco (only New Orleans location) and CVS.
    Request Owner's contact information
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    Arabi, LA 70032
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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
    3500-3700 Carrollton Ave Arabi, LA 70032
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