3908 Veterans Memorial Blvd - Freestanding FOR SALE


Metairie, LA 70002
$15,000,000 USD
504-300-5179
3908 Veterans Memorial Blvd, Metairie, LA for Sale
$15,000,000 USD
Freestanding - FOR SALE
1/12
null | 7% Cap Rate

3908 Veterans Memorial Blvd
Metairie, LA 70002


OVERVIEW

Newly listed, fully occupied commercial building for sale on Veterans Memorial Blvd! This high-profile building offers a robust, income-generating asset with significant recent upgrades and a favorable financial structure. Call agent for more details regarding the attractive mortgage and tax information, an option to assume a 3.75% mortgage rate may be available. 7% cap rate with potential for more, one of the units was being renovated into a cafe by the current owners. Some features include a new roof with a 20-year warranty, installed on August 12, 2024, providing long-term protection and peace of mind. Upgraded Signage, a state-of-the-art Pillar Sign with a digital component (valued at $250K) enhances visibility and advertising potential. Modern Enhancements include: new landscaping (2022), fresh exterior paint (2022), an extra-large external staircase (valued at $150K) for Blue Cliff College, new cement entrances, and new asphalt with thermal striping (2022). This income producing property is a must see, give us a call today for your private tour!

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

C-2

APN/PARCEL ID

0820036337

ASK ABOUT THIS PROPERTY

Brittany Picolo RamosKeller Williams Realty New OrleansMore Info
504-300-5179

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

Brittany Picolo RamosKeller Williams Realty New OrleansMore Info
504-300-5179

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