Technical
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Property profile

3226 Metairie Rd Metairie, LA 70001

OFF-MARKET
Retail properties & Spaces
2,880 SF Built 1955
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 1955
Total area 2,880 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
  • Big Box & Wholesale Store Building Supply

Location

3226 Metairie Rd Metairie, LA 70001
Metairie metro
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Value estimations

Realmo proprietary · 4 methods
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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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