3545 Service Rd Metairie, LA 70002

Property Details for 3545 Service Rd

Lot size

4.37 lot acres

Property size

49,849 SF

Property type

Office Properties & Spaces

Description

This exceptional 4.37-acre commercial property in Metairie, Louisiana, presents a unique investment opportunity. The site encompasses the three-story Crutcher-Tufts Building, a Class B office building totaling 49,849 square feet, with a minimum divisible space of 19,735 square feet and a maximum contiguous space of 30,114 square feet. Currently, the building houses five suites, with the third floor vacant and the first and second floors partially leased to Enterprise Corporate Office, Stanley Security, and State Farm. A separate building on the property is fully leased to Enterprise for car rental and sales. Existing leases include provisions for cancellation with six to twelve months' notice, creating a compelling redevelopment opportunity with existing income. Located at 3545 N Interstate 10 Service Rd W, Metairie, LA 70002, in the Airport-Metairie-Kenner submarket of Jefferson Parish, the property's zoning allows for diverse uses including multi-family, hotel, office, retail, or medical developments. Detailed lease agreements, survey, and Phase I environmental reports are available for review. The owner will consider outright sale offers for the entire site or individual parcels, as well as long-term ground leases with options to purchase, offering flexibility for various investment strategies. The property's size and location within a thriving commercial area make it an attractive prospect for both immediate income generation and long-term development potential. Offers will be considered on a first-come, first-served basis.

Location Insight

City

Metairie

County

Jefferson Parish

State

Louisiana

Longitude

-90.1619

Latitude

29.9981