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: |
$425.46 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/20/2022 |
Overview / Comments
|
Commercial space on first floor is 3,194 sf currently occupied by one tenant but could be subdivided. The 2nd floor is 4 units 2,682 total sq ft. currently used as 4 residential units but could be used for commercial space.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$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 |
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 |
|
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