3017 Edenborn Ave Metairie, LA 70002
- Retail properties
- 12,000 SF
- 0.37 lot acres
Current Use by Public Records
- NOLA PENS / Pen Store
- Educator / Educational Supply Store
Property Details for 3017 Edenborn Ave
- Year built
- 1975
- Lot size
- 0.37 lot acres
- Property size
- 12,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Metairie
- County
- Jefferson Parish
- State
- Louisiana
- Longitude
- -90.1621
- Latitude
- 30.0058
