Property summary
This exceptional investment opportunity presents a fully leased, 2,880 square foot retail storefront located at 3226 Metairie Road in Metairie, Louisiana, zip code 70001. The property, built in 1955, sits on a high-traffic section of Metairie Road in Jefferson Parish, anticipating increased vehicular and pedestrian traffic. The single-story building features two (2) units, currently boasting 100% occupancy under a Net Lease (NNN) agreement with multiple tenants. Each unit contributes to the strong, stable cash flow generated by this investment. The asking price is $899,995, translating to a price per square foot of $312.50. Convenient parking is available both in front and at the rear of the building, enhancing the tenant and customer experience. The property is zoned C2, allowing for a variety of commercial uses. This is a rare opportunity to acquire a well-located, stable, and high-performing retail investment in a growing area of Metairie. The property's strong tenant base and prime location make it an ideal addition to any investment portfolio. The building's single-story design and ample parking further enhance its appeal. This is a turnkey investment ready to generate immediate returns.
Property profile
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store Building Supply
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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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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