3529-3545 N I-10 Service Rd - Commercial LAND FOR SALE


Metairie, LA 70002 190,357 SF
$6,200,000-$12,400,000 USD
504-831-2363
3529-3545 N I-10 Service Rd, Metairie, LA for Sale
$6,200,000-$12,400,000 USD
Commercial LAND - FOR SALE
1/7
190,357 SF

3529-3545 N I-10 Service Rd
Metairie, LA 70002


HIGHLIGHTS

  • Location and visibility on major interstate corridor
  • Development opportunity in the heart of Metairie
  • Cancelable leases to allow buyer time to plan new concepts

OVERVIEW

A once in a generational opportunity to Purchase or Ground Lease a combined 4.37 acre site in the heart of Metairie, Louisiana. The owners will consider offers on the entire site or Parcels A and B separately. The 3 story office building situated on Parcel A is currently known as the Crutcher–Tufts Building and contains 30,114 square feet of leasable space. The 1st and 2nd floors are leased to 3 tenants (Enterprise Corporate Office, Stanley Security and State Farm). The 3rd floor is currently vacant. The building on Parcel B is 100% leased to Enterprise for their car rental and sales facility. The leases in both buildings have provision allowing the owner to cancel the leases with either a 6-month or 12-month notice. This is a perfect redevelopment opportunity with income in place. The zoning will allow for multi-family, hotel, office, retail or medical uses. Copies of leases, survey and Phase I environmental are available for review. The owners will consider an outright sale of the properties as well as a long-term lease with an option to purchase.

FOR SALE DETAILS

PRICE

$6,200,000-$12,400,000 USD

PRICE/ACRE

$2,837,532/AC

PRICE/SF

$65 USD /SF

# OF LOTS

-

ON GROUND LEASE

Yes

LAND DETAILS

PROPERTY NAME

Development Site with I-10 Visibility

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Multi-Family, Hospitality, Apartment Units, Auto Dealership

LAND ACRES

4.37 AC

LAND SF

190,357 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

BC2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steven ReisigSRSA Commercial Real EstateMore Info
504-831-2363

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Steven ReisigSRSA Commercial Real EstateMore Info
504-831-2363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.