Property profile

101 Causeway Blvd Metairie, LA 70001

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 11,000 square foot lot presents a unique investment opportunity in the highly desirable Metairie, Louisiana market. Located at the prominent corner of River Road and Causeway Boulevard, this property boasts a prime location with exceptional visibility and accessibility. The land is zoned for both residential and commercial use, offering unparalleled flexibility for a variety of development projects. With an asking price of $460,000, the price per square foot comes to $41.82, reflecting a strong value proposition in this competitive market. The property's APN is 23430. The address is 101 N Causeway Blvd, Metairie, LA 70001, situated in Jefferson Parish. Its convenient location offers easy access to major thoroughfares, ensuring high traffic volume and excellent exposure for any commercial venture. Furthermore, a ground lease option is available at a rate of $3 per square foot, providing an attractive alternative for potential investors seeking a lower initial capital outlay. This versatile property is ideal for developers seeking to capitalize on the robust Metairie real estate market, offering a blank canvas for a diverse range of projects, from residential developments to commercial enterprises. The substantial lot size and strategic location make this an exceptional opportunity not to be missed.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Metal Fabrication Plant Factory

Location

101 Causeway Blvd Metairie, LA 70001
Metairie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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