6555 Park Manor Dr Metairie, LA 70003

This exceptional 1.83-acre commercial land parcel, located at 6555 Park Manor Drive in Metairie, Louisiana, presents a compelling investment opportunity. Situated at the intersection of Park Manor Drive and Veterans Boulevard, this property boasts unparalleled visibility and accessibility, due to its proximity to I-10. Currently zoned R3, the land is ideally suited for a variety of commercial, residential, or mixed-use developments. The site currently houses a 71,500-square-foot building operating as an assisted living facility, offering a potential conversion opportunity into multifamily housing. The existing building comprises 44 one-bedroom units, 16 two-bedroom units, 4 large efficiency units, and 16 small efficiency units. The sale is a fee simple ownership, offering complete control and flexibility to the buyer. The land's strategic location within a thriving urban area, coupled with its substantial size and versatile zoning, makes it an attractive prospect for developers seeking a high-impact project. Detailed demographic and economic data for the area can be provided upon request to assist in evaluating the optimal use of this valuable asset. The price per square foot for the land is $60. This is a rare opportunity to acquire a significant land parcel in a prime Metairie location.