3197 Richland Avenue

Office for Sale
Catylist Listing ID: 30834902
Property Subtypes: Office Building
Building Size (RSF): 11,397 SF
Gross Building Area: See Agent
Sale Price: $2,700,000
Unit Price: $236.90 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/21/2023

Overview / Comments

Property One has been exclusively engaged to sell this well maintained office building asset (currently configured for single tenant use) located near the center of Metairie's primary commercial hub and midway between the Causeway and Clearview Interstate 10 exchanges. The 11,397 SF building has a large pylon sign that is visible and within walking distance of Veterans Blvd., a median divided six-lane commercial thoroughfare with the highest non-interstate traffic counts in all of Louisiana. Louisiana's top performing shopping center, Lakeside (just under a million SF) is within 1.5 miles to the East and Target anchored Clearview City Center (currently under a dramatic revitalization transformation) is only 1 mile West. Between these two points, there are a plethora of options for dining and shopping. The building was originally designed and built in 1996 for a Credit Union, but has been since renovated in 2014 for general office use to accommodate a high profile real estate services company for the past 9 years. Occupiers and or investors with foresight will recognize this offering as a rare opportunity to secure an attractive and useful office building that will allow years of stable and worry free service.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 46428
Zoning: C-2
Property Located Between: Veterans Blvd. and Barron Street
Site Description: The site is situated in central Metairie (NOLA MSA submarket) midway between the Clearview and Causeway interchanges to I-10 just off Veterans Blvd., the primary commercial East-West thoroughfare on the Eastbank of Jefferson Parish (County). Nearby businesses include Shopping Centers, Automotive Sales & Service facilities, Restaurants, Soft and Hard Goods Retail establishments along with many professional and medical service providers such as Ochsner and the East Jefferson Hospital corridor.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,500 SF
Year Built: 1996
Year Renovated: 2014
Parking Ratio: 5.2 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 60
Passenger Elevators: 2

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,231 145,847 303,527
Median Age: 35.82 41.84 39.18
Households: 12,032 64,099 127,338


Photograph of Listing Agent

David Da Cunha

Property One Inc New Orleans Metairie, LA 70002
LACDB Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions.