CALL FOR OFFERS: Prominent Veterans & Causeway Site For Sale

Retail-Commercial for Sale
Call for Offers
Catylist Listing ID: 30840834
Property Subtypes: Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 29,042 SF
Gross Building Area: 30,974 SF
Gross Land Area: 1.59 Acres
Sale Price: $1
Unit Price: $0 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: The Forum
Sale Terms: Undisclosed, Cash to Seller, Owner Financing
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 5/31/2023

Overview / Comments

CALL FOR OFFERS! Low rate owner financing is an option.

3131 Veterans (The Forum) presents an outstanding opportunity to acquire a prominent two-story retail property situated within the premier retail corridor in the Metairie, LA market. The property sits at the corner of "Main & Main", and benefits from some of the highest traffic counts in the area. Given its position on Causeway and Veterans, 3131 Veterans provides attractive access to important nearby thoroughfares, as well as other retail centers in the immediate area, including Lakeside Mall. Ideal for an end user because of its visibility and accessibility, 3131 Veterans is zoned BC-2 with a CPZ overlay. The property is well suited for a large format retail user, or a medical operator.

The gross building area is approximately 31,000 square feet, while the gross leasable area is closer to 29,000 square feet. The entire site is 1.59 acres (69,283SF). Originally constructed in 2000, the property underwent renovation for its current use as a multi-tenant retail center in 2012.

Current tenants on the ground floor include Nothing Bundt Cakes, Massage Envy and a forthcoming local bank. Please do not disturb any existing tenants. Approximately 6,000SF on the ground floor is vacant (one 4,000SF suite and one 2,000SF suite). The second floor consists of two vacant, but turnkey spaces: a ~6,000SF event/venue space and a ~6,300SF second generation restaurant (formerly Mellow Mushroom). 2 elevators provide access between floors, as well as a large interior stairwell.

Other notable features of the property include ample parking (parking lot accessible via both Veterans and Causeway) and prominent monument signage fronting Veterans (as well as secondary signage on Causeway).

Interested parties are invited to view a virtual tour here:

For pricing guidance, please contact agents Tim Thompson or Henry Shortess. Bring Offers!

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 0820017397
Zoning: BC2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2000
Year Renovated: 2012
Parking Type: Surface
Passenger Elevators: 1
Freight Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,824 136,086 321,646
Median Age: 39.8 40.58 39.1
Households: 11,706 60,522 136,505


Photograph of Listing Agent

Henry Shortess

SVN Urban Properties New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Timothy Thompson

SVN Urban Properties New Orleans, LA 70130
LACDB Member
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