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Property profile & analytics
FOR SALE
Specialty properties

606 Clay St Kenner, LA 70062

34,206 SF 3.44 ac lot
Property ID
US36-0548763
Property summary
AI-generated overview

This exceptional 3.44-acre property, located at 606 Clay St, Kenner, LA 70062, presents a unique redevelopment opportunity. The site, formerly Washington Elementary School, is comprised of eight single-story buildings totaling approximately 34,206 square feet. The buildings, situated on a 149,846 square foot lot, include classrooms, a gymnasium, cafeteria, library, and a metal warehouse. One building sustained fire damage and is considered to have no contributory value. The property is conveniently located between Airline Drive and Kenner Avenue, fronting Clay and Webster Streets. The asking price is $1,710,000, translating to $49.99 per square foot. The property's current zoning is RR-1, Single Family Residential District, offering potential for various development scenarios. The Jefferson Parish Assessor's Parcel Number (APN) is 9920025542. This multi-tenant property presents a compelling investment opportunity for developers seeking a substantial footprint in a desirable Kenner location. The property's size and existing infrastructure provide a solid foundation for a range of future uses. Serious inquiries are encouraged.

Property profile
Verified
Property type Specialty properties
Total area 34,206 SF
Lot 3.44 ac (149,846 SF)
UPID US36-0548763
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
  • Washington Elementary School High School
  • Clay Street Head Start High School Daycare Center
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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