706 Phosphor Ave Metairie, LA 70005

This exceptional investment opportunity presents a fully occupied, two-unit commercial building situated at 706 Phosphor Avenue in Metairie, Louisiana. The property encompasses 4,442 square feet on a 0.23-acre lot, boasting a desirable C-1 zoning classification. Currently housing a cryo day spa and a long-term karate studio, the building offers a diverse tenant mix. Each of the two units is currently on a month-to-month lease, providing flexibility for the new owner. However, the tenants have expressed willingness to negotiate longer-term leases, ensuring continued income stability. The property features ample off-street parking, a significant advantage in this high-traffic area. Recent improvements include a new roof, adding to the property's value and reducing immediate maintenance concerns. Furthermore, the building is located in an X flood zone, minimizing flood risk. Priced at $735,000, or $73.18 per square foot, this property presents a compelling investment opportunity for both owner-users seeking a prime location and investors looking for a stable, value-add asset in a thriving Metairie market. The property's APN is 0820037445I1. This single-story building offers significant potential for long-term growth and return on investment.