Property summary
This exceptional investment opportunity presents two office condo units for sale within a single building situated in Metairie's thriving commercial district. The property, located at 3524 16th Street, boasts a highly visible location just one block from Lakeside Mall and off of Severn Avenue, surrounded by a mix of local and national retailers ensuring high foot traffic and excellent visibility. The building itself is a two-story structure situated on a 7,200 square foot lot, offering a total of 38,084 to 93,772 square feet of office space, divided into multiple units. Currently, Unit A (ground floor) is available for $290,000. Unit F (second floor) is also available, though pricing is not included in this listing. The property is zoned FC-3 and includes 14 shared parking spaces for the convenience of tenants and clients. This presents a rare chance to acquire a well-positioned commercial property in a high-demand area with significant potential for growth and return on investment. The property's strategic location and ample parking make it an attractive option for a variety of businesses. This is an ideal opportunity for investors seeking a strong foothold in the Metairie commercial real estate market.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Travel Agency Tour Operator
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Accounting Firm Tax Preparation
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Real Estate Agency
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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