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Property profile & analytics

3242-3264 Severn Ave Metairie, LA 70002

  • Lifestyle centers
  • 20,112 SF
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Lifestyle centers

Property Details for 3242-3264 Severn Ave

Property size
20,112 SF
Property type
Lifestyle centers
Property subtype
Power centers

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Metairie
County
Jefferson Parish
State
Louisiana
Longitude
-90.1603
Latitude
30.0091
More about this property
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