Office Building For Sale (I-10 Exposure) - Metairie

Office for Sale
Catylist Listing ID: 30833648
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 5,400 SF
Sale Price: $895,000
Unit Price: $165.74 PSF
Property Use Type: Investment, Business
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/21/2023

Overview / Comments

Approx. 5,400 sf Income producing with Owner occupancy potential office building offering Interstate 10 exposure with large exterior electronic reader board for advertising to over 130,000+/- daily vehicles. Zoning is BC-2. Offered by Owner/Broker. Owner financing potential with substantial down for qualified Buyer.

One of the few remaining buildings in Metairie offering direct Interstate exposure, hosting The ALCOR Group Real Estate operations & successful Income producing Executive Suites operation on the second floor since 2001 with private Owner’s quarters for extended stay if desired/required. Ground floor office & warehouse (Approx 2,753+/-) will be available for occupancy/Lease September 1, 2023. Floors are separately metered for electricity.

In addition to high visibility, this location offers easy access to Metro areas via multiple routes. Louis Armstrong International Airport is located only 10 minutes away as is the New Orleans CBD. Building offers ample parking with additional street parking.

This is an Owner/Broker/Agent offering

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: JP-44696
Zoning: BC-2
Market Type: Medium
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Transportation: Highway, Airport
Highway Access: Located at Clearview Parkway/Interstate 10 intersection in the heart of Metairie.
Airports: Louis Armstrong International (MSY)
Area Description: Area consists of mixed use office, retail and industrial users.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,700 SF
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Block, Brick, Wood Frame
Exterior Description: Well built Owner occupied building with 19 parking spaces and additional street parking.
Parking Type: Surface
Parking Description: Concrete parking lot with 19 parking spaces.
Total Parking Spaces: 19
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Gigabit
Interior Description: Single tenant ground floor office user with warehouse space and multiple executive office suites on second floor; carpet, vinyl and ceramic tile flooring throughout building.
Zoning Description: BC-2; capable of supporting most office and retail type occupancies.
Lot Frontage: approx 7200 sf
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,997 155,049 310,092
Median Age: 39.17 42.11 39.22
Households: 14,438 66,805 130,573


Photograph of Listing Agent

Al Oglesby

The Alcor Group Metairie, LA 70001
LACDB Member
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