Property profile

2750 Severn Ave Metairie, LA 70002

OFF-MARKET
Land
1.03 ac lot
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Property summary

AI-generated overview

This exceptional 1.03-acre commercial land parcel presents a remarkable development opportunity in the thriving Metairie, Louisiana market. Located at 2750 Severn Avenue, this property boasts a highly desirable location directly across from Whole Foods, nestled between popular restaurants like Buffalo Wild Wings and Outback Steakhouse. The site enjoys exceptional visibility and accessibility, situated off Veterans Memorial Boulevard, a major thoroughfare. With dimensions of approximately 150 feet by 300 feet, the 45,000 square foot lot offers ample space for a variety of commercial developments. The property's BC-2 zoning provides flexibility for various uses. The surrounding area is characterized by a vibrant mix of established businesses, including the recently opened Shake Shack, Homewood Suites, Best Western, Petco, Michaels, and the expansive 1.2 million square foot Lakeside Shopping Center, ensuring high foot traffic and strong consumer demand. The Jefferson Parish County location (APN 3151012) offers access to a robust infrastructure and a thriving local economy. This single-tenant land parcel represents a unique chance to capitalize on a prime location in a high-growth area. The property is ideal for developers seeking to build a new commercial structure or expand existing operations in a strategic and high-demand location.

Property profile

Verified
Property type Land
Lot 1.03 ac (44,867 SF)

Cap rate & NOI

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

Location

2750 Severn Ave Metairie, LA 70002
Metairie metro
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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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