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    OFF-MARKET
    Commercial real estate

    405 Causeway Blvd, Metairie, LA 70001

    2,549 SF 0.12 ac lot Built 1950
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property in Old Metairie presents a rare investment opportunity. Located on Causeway Boulevard and Sierra Court, this 0.12-acre site boasts two separate buildings totaling 2,419 square feet. The first, a 1,341 square foot office building situated at 122 Sierra Court, is currently leased as executive office suites. The second building, a 1,078 square foot, two-story structure located at 405 N Causeway Boulevard, offers additional office space. Both buildings benefit from ample paved parking, exterior lighting, and fencing. The property's C-1 zoning, within the Neighborhood Commercial District and Commercial Parkway Zone (CPZ) designated by the Jefferson Parish Planning Department, allows for a variety of commercial uses. The high daily traffic count on North Causeway Boulevard ensures excellent visibility, while the proximity to the Metairie Road corridor provides access to numerous amenities including restaurants, offices, and boutiques. The property's location is also conveniently close to a new strip mall anchored by TANA, reflecting the ongoing development and growth of the Old Metairie area. This property offers a unique blend of existing income and significant potential for future growth within a thriving commercial district. The total building square footage is 2,419 square feet, situated on a 2,549 square foot lot.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1950
    Total area 2,549 SF
    Lot 0.12 ac (5,227 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
    • Bruce H. Lizana Law Firm
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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