3242-3264 Severn Ave Metairie, LA 70002
This exceptional retail property, located at 3242-3264 Severn Avenue in Jefferson Parish, offers 1,385 to 3,233 square feet of available space in a vibrant shopping center. Situated directly across from the expansive 1.2 million square foot Lakeside Shopping Center, home to major retailers like Macy's, Dillard's, and Zara, along with over 120 other stores and restaurants, this location benefits from significant foot traffic and brand recognition. The property boasts ample parking, ensuring convenient access for customers. The surrounding Metairie area demonstrates robust retail performance, with estimated annual sales exceeding $13 billion. This prime location offers excellent visibility and accessibility, with easy access to major roadways including North Causeway Boulevard, West Esplanade Avenue, Veterans Boulevard, and Interstate 10. The building itself comprises 20,112 square feet across two suites, providing a strong foundation for a thriving retail business. The available space is ideal for a variety of retail uses, offering a flexible layout to accommodate diverse business needs. This opportunity presents a unique chance to establish a presence in a high-traffic, high-sales area with excellent visibility and convenient access. The property's strategic location and ample parking make it an attractive option for businesses seeking a thriving retail environment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.