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Property profile & analytics
OFF-MARKET
Commercial real estate

505 Frisco Ave Metairie, LA 70005

8,000 SF Built 1950
Property ID
Property summary
AI-generated overview

This exceptional 8,000 square foot, two-story commercial building presents a remarkable investment opportunity in the thriving Metairie market. Located on the corner of Frisco Avenue and Nursery Road, this multi-use property boasts excellent visibility from the heavily trafficked Metairie Road. The building features a new roof, ensuring long-term structural integrity and minimizing maintenance costs. Practical features include two large overhead doors, ideal for loading and unloading, and a functional conveyor belt, adding to its operational versatility. A fully equipped deli kitchen is already in place, presenting immediate potential for food service businesses or a seamless transition for similar ventures. The spacious second floor offers significant flexibility, adaptable to a wide range of uses, from office space to additional storage or residential conversion (subject to local zoning regulations). The property sits on a lot with zero acres, maximizing the building's footprint. All measurements and information provided are to be independently verified by the buyer. The seller is open to considering short-term financing options with a 40% down payment. This property is a rare find, combining prime location, versatile space, and potential seller financing, making it an attractive proposition for savvy investors and entrepreneurs alike. Don't miss this chance to acquire a valuable asset in a high-demand area.

Property profile
Verified
Property type Commercial real estate
Year built 1950
Total area 8,000 SF
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
Current use
Occupant on record · Public records
  • Nor Joe Import Company Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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