Property profile

3016 Jean Lafitte Pkwy Chalmette, LA 70043

OFF-MARKET
Retail space
Property ID
US36-2306503
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 9,421 square foot commercial property, situated on a 0.22-acre lot at 3016-18 Jean Lafitte Parkway in Chalmette, Louisiana, presents a compelling investment opportunity. Currently configured as a seven-unit complex, the property comprises three spacious lower residential units, each approximately 1,000 square feet, and four upper units, each around 750 square feet. This versatile layout offers significant potential for increased rental income through renovations and/or repurposing. The property's current residential use allows for immediate cash flow, while its zoning (C-2) and location open doors to a variety of commercial ventures. The prime location in west Chalmette, on Jean Lafitte Parkway, provides convenient access to the city's amenities, including restaurants, shopping centers, parks, and the historic Chalmette Battlefield. The property also benefits from its location within a highly-rated school district. Ample parking is available with 14 designated spots. Importantly, the property is located in Flood Zone X, mitigating flood risk. This property is priced to sell at $480,000 and represents a rare chance to acquire a multi-unit property with substantial upside potential in a desirable location. Bring all offers!

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 250500000003
UPID US36-2306503

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3016 Jean Lafitte Pkwy Chalmette, LA 70043-4061
Chalmette metro Census 30602 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

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
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