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3331 Severn Ave

3331 Severn Ave, Metairie, LA 70002

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Overview

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.

Lease Spaces

NameFloorRateSFAvailable Date
Suite 2042$23.75 /SF/Year978 SF03/01/+252026
Suite 2002nd$22 /SF/Year4,061 SF04/01/2026

For Sale/Lease

Office
Retail
Lease Rate
$22 - $23.75 SF/year
Available SF
978 - 4,061 SF
Total Available SF
5,039 SF
Sale Price
$2,359,000
Price Per SF
$212.1/SF
Building Size
11,121 SF
Acres
0.33 ac
Zoning Desc.
Business Core District
Agent Ownership Interest
Yes
Lease Type
Gross
Signage
Pylon
Showing
Contact Broker/Agent
Building Class
B
Floors
2
Year Built
1970
Parking Spaces
30
Submarket
Metairie
Nearest MSA
New Orleans
Property Status
Existing
Avg. Occupancy
100%
Ceiling Height
10'
Parish
Jefferson
Available
11/10/2025
Listed
12/29/2025
Updated
03/02/2026
Listing ID
3779f59c
Parcel APN
820032626