Property profile

2801 Athania Pkwy Metairie, LA 70002

OFF-MARKET
Commercial real estate
2,861 SF 0.15 ac lot Built 1958
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Property summary

AI-generated overview

This exceptional 2,861 square foot commercial property, located at 2801 Athania Parkway in Metairie, Louisiana, presents a unique investment opportunity. Situated on a 0.15-acre lot in a prime location near the Causeway and Veterans boulevards, this property boasts excellent visibility and accessibility. The building features a spacious warehouse area measuring 85 feet by 26.6 feet (approximately 2,261 square feet), ideal for storage or light manufacturing. Two 16-foot roll-up doors provide convenient access for loading and unloading. The property also includes substantial office space, divided into two separate areas, one upstairs and one downstairs, each offering privacy and functionality. Two separate bathrooms add to the convenience. The property is currently operating as an LED lighting store, demonstrating its versatility and suitability for a range of businesses. Ample off-street parking is available for employees and customers. The property is zoned BC2 and is located in an X flood zone. The asking price is $625,000. This well-maintained property offers a blend of warehouse and office space, making it an attractive option for businesses seeking a strategic location with excellent amenities. The LED lighting currently in place is an added bonus. Contact us today to schedule a viewing.

Property profile

Verified
Property type Commercial real estate
Year built 1958
Total area 2,861 SF
Lot 0.15 ac (6,534 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
  • (Bike/Boat/Book/etc) Store Hardware & Home Improvement
  • Home Decor Store Department Store

Location

2801 Athania Pkwy Metairie, LA 70002
Metairie metro
Google Maps

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

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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