501-03 Metairie Road

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Multi-Family
Catylist Listing ID: 30802501
Property Subtypes: Mixed Use, Retail-Pad
Status: Pending/Contingent
Building Size (RSF): 5,876 SF
Gross Building Area: 7,155 SF
Gross Land Area: 4,928 SF
Sale Price: $2,500,000
Unit Price: $425.46 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/20/2022

Overview / Comments

Commercial space on first floor is 3,194 sf currently occupied by one tenant but could be subdivided. The 2nd floor is 4 units 2,682 total sq ft. currently used as 4 residential units but could be used for commercial space.


Finance Data Year 2021
Real Estate Taxes - Annual($) $6,251 (Annual)
Actual or Proforma Year Actual
Lender Name NA

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Taxing Authority: Jefferson Parish
Tax ID/APN: 128917
Zoning: C1
Retail Clientele: Other
Largest Nearby Street: Metairie Road
Feet of Frontage: 50
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,194 SF
Year Built: 1972
Roof Type: Other
Construction/Siding: Stucco, Wood Frame
Exterior Description: Reinforced concrete slab, Wood frame structure, Exterior - Stucco, wood paneling, pitched shingle roof.
Parking Type: Other
Parking Description: Gravel parking lot (shared in common with neighboring property)
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Wall Units
Air Conditioning: Window Unit, Other
Internet Access: Cable
Zoning Description: Situated in a C1 commercial neighborhood zone
Lot Frontage: Metairie Road Frontage - 50 ft
Lot Depth: 100 ft
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 33,34, Square 1, Forest Hills

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,580 162,248 363,327
Median Age: 43.74 38.47 38.55
Households: 7,426 70,623 160,244


Photograph of Listing Agent

Ginger Wiggins

Coldwell Banker TEC Mandeville Mandeville, LA 70471
LACDB Member
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