Property summary
This exceptional investment opportunity presents a fully leased, 47,935 square foot mixed-use retail center situated on a prominent 39,540 square foot lot at a major intersection in Metairie, Louisiana. The property, built in 1972 and boasting a Class B designation, features seven units currently occupied by a diverse tenant mix including Blue Cliff College, Bonvenu Bank, Rapid Urgent Care, ReLife MD, Gel Nails and Spa, and a United States Coast Guard Recruiting Office. The asking price is $15,000,000, translating to a price per square foot of $312.92. The property benefits from a 100% occupancy rate under a NNN lease structure, providing a stable and predictable income stream. Significant recent upgrades enhance the property's value and appeal, including a new roof installed August 12, 2024, with a 20-year warranty
Property profile
VerifiedCap rate & NOI
Current use
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Pediatrician Physician
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Physician
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Physician
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Financial Advisor
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Community College Beauty School
Location
Value estimations
Owner & transaction history
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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