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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3017 Edenborn Ave Metairie, LA 70002

12,000 SF 0.37 ac lot Built 1975
Property ID
Property summary
AI-generated overview

This exceptional 12,000-square-foot storefront property at 3017 Edenborn Avenue in Metairie, Louisiana, presents a compelling investment opportunity. Located in a prime central Metairie location, this vacant retail space offers easy access via I-10, Veterans Boulevard, and the Causeway. The building itself is an attractive tilt-up concrete structure, featuring 8,000 square feet on the ground floor and an additional 3,000 square feet upstairs. Its functional and flexible layout allows for a wide range of potential uses, catering to diverse business needs. The property sits on a 0.37-acre lot and was built in 1975. It is zoned FC3 (Fat City Mixed Use), providing versatility for future development. Currently listed at $1,875,000, the seller is offering attractive seller financing via a Bond for Deed. The financing terms include a 25% down payment ($468,750), a $1,406,250 loan amount, a 10-year term, and a 4.5% APR, resulting in a monthly payment of $14,574.15. A 90-day notice is required for the current occupant to vacate. Proof of funds is required. This is a rare opportunity to acquire a substantial retail space in a highly desirable location with flexible financing options.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1975
Total area 12,000 SF
Lot 0.37 ac (16,117 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
  • NOLA PENS Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Educator (Bike/Boat/Book/etc) Store
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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