Active
3908 VETERANS MEMORIAL Boulevard
Metairie LA, 70002
$15,000,000
$312.92 per sqft
Active
47,935 sqft
Commercial
Built in 1972
Courtesy of Brittany Picolo with Keller Williams Realty New Orleans
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!
2479766
MLSⓇ ID
December 20, 2024
Listed
December 20, 2024
Updated
Map
3908 VETERANS MEMORIAL Boulevard
Metairie LA, 70002
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.39 Acres
Lot Features
1 to 5 Acres, City Lot
Sewer
Public Sewer
Other Property Details
Garage
No
Parking
Parking Lot
View
No
County
Jefferson
Water Source
Public
Pool
No
Zoning
C-2
Listing Contact: (504) 300-5179
Based on information from the Gulf South Real Estate Information Network as of 12/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 9:19 PM UTC, 12/20/2024