Metairie, LA Retail Property For Sale

Prime retail location for Car lots, charging stations, etc, for more details contact me today!!!

Wonderful opportunity to establish your existing business or put a new business in this prime location of Metairie. Property is Zoned BC-2 mixed used, the options or endless.

Jefferson Parish opportunity zoned.

Over 3510 sq. feet of retail space including 1 office270 sq ft and 2 bathrooms. Storm windows, doors and shutters across the front of the building .

Parking lot includes 14 parking spaces.

A Block from N Causeway and Ridgelake Dr. across from Lakeside Shopping Center.

This mixed-used property is perfectly situated on the high traffic corner of Airline Hwy and Cleary Ave and ready to be brought back to its former glory or redeveloped to suit your business or investment needs. Downstairs unit is currently occupied by owner/user and the upstairs apartment's leased on a month to month. Approximately 11,435 sqft lot split between 5,880 sqft zoned Commercial in the front and 5,555 sqft zoned Residential in the rear. Property extends from Airline Hwy, down Cleary Ave to Johnson St with excellent visibility.

RECENTLY REDUCED - MOTIVATED SELLER

600 Veterans offers a second generation restaurant site for sale situated on a 0.17 acre lot. The property is now vacant. This is an excellent, highly visible location for a group to establish a presence on Veterans.

The building is roughly 2,869sf (including the rear portion of the building). Some renovation is likely needed, depending on user specifics.

Please note there is price flexibility depending on deal terms.

The site contains ample parking spots fronting Veterans as well as additional spots on the side of the building on Aris Ave.

Available both for lease and for sale, 3622 Airline Drive offers nearly 7,500 SF of former bar/retail improvements. The site is currently in shell condition, with two retail bays and off street parking in the front and the rear. The site is structurally sound and ready for an owner or tenant to occupy immediately. The property is zoned C-2, which allows for a host of commercial uses including office, retail, etc.

Situated in a highly accessible location, the property enjoys close proximity to various local and national retailers. Notably, a Chic-Fil-A is scheduled to commence construction across the street in the upcoming months, further enhancing the appeal and potential foot traffic in the area.

Lakeside Plaza is a 14,980 square foot retail strip that is essentially an outparcel of Lakeside Shopping Center. Located on the hard corner of Severn Avenue and 17th Street, this strip is highly visible in one of the premier shopping areas not only in Louisiana but in all of the gulf south.

This is a rare opportunity as the property hasn't been on the market for over 30 years. The adjacency to Lakeside Shopping Center adds value. With over 1.2 million square feet of retail space with over 120 shops and restaurants, Lakeside Shopping Center is the largest and busiest mall in the Greater New Orleans area, with over 615,000 monthly visits.

Lakeside Plaza is able to achieve higher rents than other retail properties on Severn Avenue due to its proximity to and visibility from the mall, yet remains comfortably priced below mall rents, making it a great option for tenants.

$8,500,000 is a 7.95% cap rate on projected 2023 net income.

Rare opportunity to acquire the fee simple interest in a Burlington Coat Factory net lease asset located in Metairie, LA (New Orleans MSA). The building was originally built for Stein Mart in 1990 and a new 10yr lease with Burlington Coat Factory was executed in 2022. Burlington plans to perform tenant improvements in Q1 of 2023 with plans to open in Q2 or Q3 of 2023.

This single-tenant net leased asset is located on Veterans Memorial Blvd, New Orleans’ highest trafficked surface street, boasting high traffic counts of 100k vehicles per day. Co-tenancy with Rouses Market and a former K-Mart allows for cross parking/access. The property is supported by strong and stable retail and business presence along Veterans including two malls (Lakeside and Clearview) and other high-end retailers such as Whole Foods, Trader Joes, Total Wine, etc. Tenants in the Veterans Memorial corridor achieve some of the highest store sales in the Gulf South.

Burlington was founded in 1972 and went public in 2013. The discount retailer is headquartered in Burlington, New Jersey. The chain has over 840 stores (2021) in 45 states and Puerto Rico and is the 3rd largest discount retailer nationwide behind TJ Maxx and Ross Stores. They are a Fortune 500 company with over $21B in Market Cap and have seen over 600% stock growth in the last five years. Their store sales are up 33% compared to their pre-covid levels (Feb. 2020). The company continues to see steady revenue growth, over 9% in each of its last 3 years.

Investment Highlights

Rare opportunity to acquire fee simple interest in Burlington Coat Factory store located on New Orleans' busiest surface street.

Landlord responsibility - Roof and Structure

Tenant responsibility - Taxes, CAM, Insurance

A New Roof membrane was installed in February 2023 and includes a 10-year warranty

Possible Uses:

event venue

retail

entertainment

medical

organization headquarters

automotive sales

Information Deemed Reliable, not Verified or Guaranteed. Users are Responsible for Checking the Accuracy, Completeness, Currency, and Status of All Information.

This attractive office/retail building is located in the heart of Metairie on Veterans Boulevard in between Transcontinental and the Interstate crossover. This area of Veterans is in high demand with several new developments in close proximity. The property has been occupied by Baker Lyman for almost 18 years with its current lease expiring in April 2024. Baker Lyman would consider an early termination if desired by Buyer. The property has additional access and parking in the rear off of Quincy Street. The roof was coated 7 years ago and remains under warranty.

Building Area: 7,000 sq. ft. +/- office/retail building

Land Area: 16,750 sq. ft. +/- (50’ on Vets and 110’ on Quincy)

Zoning: BC-2 Business Core District Two

Sale Price: $1,375,000.00

Lease Rate: $10,000 per month, NNN

SVN Urban Properties is the exclusive listing agent for 3131 Veterans Blvd and recently leased the second floor of the property to a restaurant group with an exciting forthcoming concept.

Listed at $13,995,000, the Seller will consider low rate owner financing. A cash sale is preferred, however.

3131 Veterans (The Forum) presents an outstanding opportunity to acquire a prominent two-story retail property situated within the premier retail corridor in the Metairie, LA market. The property sits at the corner of "Main & Main", and benefits from some of the highest traffic counts in the area. Given its position on Causeway and Veterans, 3131 Veterans provides attractive access to important nearby thoroughfares, as well as other retail centers in the immediate area, including Lakeside Mall. Ideal for an end user because of its visibility and accessibility, 3131 Veterans is zoned BC-2 with a CPZ overlay. The property is well suited for a large format retail user, or a medical operator.

The gross building area is approximately 31,000 square feet, while the gross leasable area is closer to 29,000 square feet. The entire site is 1.59 acres (69,283SF). Originally constructed in 2000, the property underwent renovation for its current use as a multi-tenant retail center in 2012.

Current tenants on the ground floor include Nothing Bundt Cakes, Massage Envy and a forthcoming local bank. Please do not disturb any existing tenants. Approximately 6,000SF on the ground floor is vacant (one 4,000SF suite and one 2,000SF suite). The entire second floor was recently leased to a local restaurant group. 2 elevators provide access between floors, as well as a large interior stairwell.

Other notable features of the property include ample parking (parking lot accessible via both Veterans and Causeway) and prominent monument signage fronting Veterans (as well as secondary signage on Causeway).

Interested parties are invited to view a virtual tour here: https://vimeo.com/717659171

For pricing guidance, please contact agents Tim Thompson or Henry Shortess. Bring Offers!

Free standing building with drive-thru window. Only corner free-standing building available in the area. Great location at the intersection of West Esplanade and Severn Avenue. This building was constructed in 2010 and the entire slab sits three feet high as prevention from storm water after Hurricane Katrina. The building is sold along with the dry-cleaners business, which has been operating since 1990, but the business could be sold separately from the property for $600,000. Additionally, the business purchase includes a satellite location in Hammond which is currently leased. For more information please contact Luis Espinel at (504) 723-0939.

1605 Airline Drive is a two-level property adjacent to Hurwitz Mintz Furniture

Store (“Hurwitz Mintz”) available for either lease or sale. Each level

consists of approximately 15,000 sf of space, and there is one passenger

elevator. There is also ample parking.

The building is conveniently located with quick access to Elmwood, Metairie,

and New Orleans in a highly visible central location.

The property is presently part of Hurwitz Mintz. It will be separated once all

the conditions of a Purchase/Sale Agreement are satisfied or at the time of a

lease satisfactory to the owner is finalized.

RARE OPPORTUNITY! PROPERTY HAS MANY USES AND IS CONVENIENTLY LOCATED ON AIRLINE DRIVE ACROSS FROM THE SAINTS TRAINING CAMP AND SHRINE ON AIRLINE FORMERLY KNOWN AS ZEPHYR FIELD. LOT SIZE IS 28,713 SQUARE FEET. OWNER LOOKING TO RETIRE. CALL FOR DETAILS. DO NOT APPROACH BUSINESS WITHOUT APPOINTMENT.

Super attractive acquisition opportunity for qualified purchaser(s) via Bond for Deed seller financing. Proof of Funds Required.

Sale Price: $2,000,000

Down Pmt: $500,000 (25%)

Amt. Fin. $1,500,000

Fin. Term: 10 years

Int. Rate: 4.5% A.P.R.

Mo. Pmt: $15,545.76

Seller requires a minimum of 90 days to vacate property.

- Central Metairie location easily accessible via I-10, Veterans and Causeway

- Attractive Tilt-Up Concrete building (8,000 SF ground and 3,000 SF up)

- Functional and Flexible Layout can accommodate a wide range of uses

- Landlord to deliver with all MEP's in good working condition