3100 Metairie Rd Metairie, LA 70001
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 3100 Metairie Rd
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity in Metairie, Louisiana, presents a unique chance to acquire a substantial restaurant property. The offering encompasses four parcels totaling 24,027 square feet (Lots 9, 36, 36-A, and 36-B) with full ownership transferring at the act of sale. Additionally, two adjacent parcels (Lots 10 and 11), totaling 10,673 square feet, are available under an existing ground lease. The leasehold improvements will transfer to the buyer, and the ground lease will be assumed or assigned, subject to the ground lessor's approval. This ground lease has an initial term expiring March 31, 2034, with two ten-year renewal options. The property is strategically located at 3100 Metairie Road, Metairie, LA 70001, offering a combined 281.46 linear feet of frontage. This presents a significant opportunity for restaurant development or expansion in a high-traffic area. The asking price for this combined property is $2,975,000. This is a rare chance to acquire a substantial footprint in a desirable Metairie location. The property is zoned for commercial use and is ready for immediate development. Interested parties should conduct their own due diligence to verify all aspects of the property and lease terms.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Metairie
- County
- Lafayette
- State
- Louisiana
- Longitude
- -90.1548
- Latitude
- 29.9771
