Suite 200
- Size
- 4,061 SF
- Rate
- $22/SF/Year
- Floor
- 2nd
ID 3779f59c
For Sale
$2,249,000$202.23/SF
For Lease
$22 SF/year
EXTREMELY RARE OPPORTUNITY to purchase a mixed use, office/retail building in the heart of the Metairie Central Business District. Located on the recently updated and landscaped Severn Ave, just off 17th St. one block from Lakeside Shopping Center. Easy access to all parts of the city from the highest trafficked intersection in all of Metro New Orleans; Causeway @ I-10. This is THE DEFINITION OF: "LOCATION, LOCATION, LOCATION".
The building has been completely renovated with a new TPO roof (post Ida) that has been reinforced) with extra wind protection. Most HVAC units have been replaced within the last 3-4 years. Most of the second floor offices are in "Class A" condition. Both first floor retail units have been completely updated and modernized.
The ground floor rents as retail for approximately $23/sq.ft. NNN and the upstairs rents as gross office for $23-$25/sq.ft. Operating expenses run approximately $70K/yr. making for a nice investment opportunity and/or as a potential part owner occupied/part investment opportunity.
PLEASE DO NOT DISTURB TENANTS. Seller is also an Agent.