Property profile

3012 26Th St Metairie, LA 70002

OFF-MARKET
Office Spaces
9,100 SF Built 1980
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Property summary

AI-generated overview

This exceptional two-story, 9,100-square-foot office building in Metairie, Louisiana, presents a compelling investment opportunity. Located at 3012 26th St, this Class B property boasts a desirable location just two blocks from the intersection of Causeway Boulevard and I-10, providing excellent access to major arteries, the Central Business District, and the Northshore. Built in 1980 and renovated in 2008, the building features a brick façade and a layout ideal for various professional uses, including engineering, insurance, law firms, wealth advisors, real estate, or accounting companies. The property sits on a 12,924-square-foot lot and includes 19 designated parking spaces. Currently vacant, the building is available for occupancy on September 1, 2024. The asking price is $1,699,000, translating to $186.70 per square foot. The property is zoned BC-2 (Business Core District) and is offered as a fee-simple ownership. This single-tenant building presents a rare opportunity to acquire a well-maintained, centrally located office building in a thriving Metairie market. The property's size, location, and layout make it an attractive option for a variety of businesses seeking a prominent presence in the area. The ample parking further enhances its appeal.

Property profile

Verified
Property type Office Spaces
Year built 1980
Total area 9,100 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electronics & Wireless Store Mobile Phone Store
  • Engineering Consultant

Location

3012 26Th St Metairie, LA 70002
Metairie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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