Property profile

3408 28Th St Metairie, LA 70002

OFF-MARKET
Commercial real estate
4,750 SF Built 1940
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Metairie commercial property at 3408 28th Street offers a unique investment opportunity. The 4,750 square foot building boasts approximately 2,400 square feet of fully equipped, ready-to-operate bar space on the ground floor. This turnkey operation is complemented by two unfinished, 2-bedroom apartment units on the second floor, presenting significant potential for rental income or alternative uses. The building's robust construction features cinder block, concrete, and steel, ensuring durability and longevity. A recently installed new roof provides peace of mind. Ample off-street parking is available, along with prominent signage and covered balconies, enhancing both functionality and curb appeal. The BC-2 zoning allows for a wide range of uses, including retail, restaurant, office, and multifamily dwellings. The property benefits from its existing grandfathered status as a bar with video poker, offering immediate income potential. Its strategic location near the Causeway/I-10 interchange provides excellent accessibility, placing it within easy reach of a thriving commercial corridor. Nearby establishments include the Comfort Inn at the Copeland Tower, Whole Foods Market, and Outback Steakhouse, further highlighting the property's prime location amongst established businesses and the Lakeside Shopping Center. This versatile property is priced at $600,000 and presents a compelling opportunity for investors seeking a blend of immediate income and future development potential.

Property profile

Verified
Property type Commercial real estate
Year built 1940
Total area 4,750 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
  • Home Appliance Store
  • Bar & Pub

Location

3408 28Th St Metairie, LA 70002
Metairie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3408 28Th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message