3524 16Th St, Metairie, LA 70002
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.