Office Building For Sale in Metairie CBD

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30833255
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 5,055 SF
Gross Building Area: See Agent
Gross Land Area: 13,500 SF
Sale Price: $1,100,000
Unit Price: $217.61 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2023

Overview / Comments

Updated and well-maintained stand-alone building in excellent location, just two blocks from Veterans Memorial Boulevard and N Causeway Boulevard. Located directly behind Trader Joe’s along a quiet primarily residential block, this building is only a few blocks from Lakeside Shopping Center, many office buildings, service providers, and retailers. This is an easily accessible, centralized location offering plentiful off-street parking.

The 5,055-sf building sits on 13,500 sf of land. It consists of a steel frame structure and brick exterior walls over a poured concrete slab foundation. The modernized layout provides ample room for open work space, private offices, and meeting areas. Originally an office-warehouse, the roll-up doors were covered but not removed. The rear portion of the building could be converted back to warehouse space with roll-up doors.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 40936
Area Description: This is a standalone property in a convenient location that provides easy access to Metairie, the Northshore, and New Orleans via a rapid connection to I-10. In the heart of the Metairie Central Business District, it is surrounded by office towers and some of the region’s best performing retail. Within a one-mile radius there is a daytime population of 31,423.
Total Number of Buildings: 1
Number of Stories: 1
Parking Type: Surface
Total Parking Spaces: 18
Zoning Description: Permitted uses include, but are not limited to, general and professional offices; laboratories; retail and service facilities; data processing centers; and medical, dental, or chiropractic establishments.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,964 133,221 316,587
Median Age: 39.64 40.48 39.07
Households: 12,320 59,362 134,443


Photograph of Listing Agent

Austin Lavin, CCIM

Corporate Realty - Main Office New Orleans, LA 70170-0000
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions.