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    OFF-MARKET
    Commercial real estate

    3408 28Th St, Metairie, LA 70002

    4,750 SF Built 1940
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Caliber Appliance Service Home Appliance Store
    • The Gas Station Bar Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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