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-Ramos with Godwyn Realty, ERA Powered

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!

2464142

MLS ID

September 16, 2024

Listed

October 11, 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

Days on Market

11


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 10/11/2024. 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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