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Property profile & analytics
OFF-MARKET
Lifestyle centers

3242-3264 Severn Ave Metairie, LA 70002

20,112 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Total area 20,112 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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