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Property profile & analytics
OFF-MARKET
Land

1949 Veterans Blvd Metairie, LA 70005

Property ID
Property summary
AI-generated overview

This exceptional 22,527 square foot commercial development opportunity is situated on Veterans Boulevard in Metairie, Louisiana, Jefferson Parish, zip code 70005. The property, identified by APN 0820015002|3, boasts a strategic location between Bonnabel and Causeway Boulevards, offering unparalleled access and visibility. The site is comprised of two existing commercial buildings located at 1949-53 Veterans Boulevard and 812 Hesper, along with four vacant lots. This presents a unique blend of existing structures and development potential. The property is zoned C2/R1, allowing for a diverse range of commercial and residential uses, subject to local ordinances and approvals. The asking price for this prime development site is $3,100,000. Its latitude and longitude coordinates are 30.0026928, -90.1452936 respectively. This presents a rare chance to acquire a significant parcel in a high-demand area with substantial upside potential for investors and developers alike. The existing buildings and vacant lots provide flexibility for immediate income generation and future expansion. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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