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Property profile & analytics
OFF-MARKET
Lifestyle centers

701 Metairie Rd Metairie, LA 70005

84,400 SF Built 1987
Property ID
Property summary
AI-generated overview

This exceptional three-story, 84,400 square foot mixed-use development, located at 701 Metairie Road in Metairie, Louisiana, offers a unique opportunity for medical and office tenants. Built in 1987 and extensively renovated in 2020, Old Metairie Village boasts three buildings with a total of three stories and elevators. The property sits on a substantial 200,812 square foot lot and currently has 10,919 square feet of vacant space available, divisible into units ranging from 1,500 to 9,244 contiguous square feet. The property features a diverse tenant mix, including upscale retail on the first floor and medical and office spaces on the upper floors. Situated in the affluent Old Metairie submarket of Jefferson Parish (APN: JP-128902), this location benefits from high traffic counts and a strong demographic profile, making it an ideal investment opportunity. The property's strategic location within the Airport-Metairie-Kenner submarket, combined with its recent renovations and flexible space options, presents a compelling opportunity for businesses seeking a prestigious and well-located address in the heart of Metairie. The former fitness club space offers a unique opportunity for adaptive reuse. This property is a dominant force in the local market due to its tenant mix and affluent clientele.

Property profile
Verified
Property type Lifestyle centers
Year built 1987
Total area 84,400 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
  • Tully Gerard R DDS Dental Office
  • Subway Take-out & Catering
  • East Jefferson Primary Care - Metairie Rd. Pediatrician Physician
  • Old Metairie Orthodontics: Dr. Celeste A. Block, DDS, MDS Dental Office
  • Tillery And Tillery Attys Law Firm
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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