3200 Severn Ave Metairie, LA 70002
This exceptional 1,330-square-foot retail space, located at 3200 Severn Ave, Suite 120, Metairie, LA 70002, is available for lease. Situated in a vibrant neighborhood strip center within the New Orleans metro area, this Class B property offers a prime location with high visibility. The suite, part of a larger 20,000-square-foot building, boasts a recent 2023 renovation, including a complete overhaul following Hurricane Ida, ensuring modern infrastructure and updated amenities. The space features high ceilings, a first floor and mezzanine, several offices, a kitchenette, and two and a half bathrooms. Previously used as a lash retail shop, this versatile space is ideal for a variety of retail businesses. The property includes ample parking with 66 spaces available. The building is zoned Fat City BC 2 and sits on a 36,000-square-foot lot. Annual property taxes are $2.10 per square foot. The property is served by Entergy power. This thriving center is home to a diverse mix of established businesses, including The Eye Dr, Merle Norman Cosmetics, Nola Crepe, Salon Eight 13, UBreakIFix, Pink Pepper Gift Shop, Skin Care Pharmacy, Sal's Music, and NailsRUs, creating a strong synergy and high foot traffic. The lease rate is $25.00 per square foot, NNN. The space will be available November 1, 2024.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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