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2700 Metairie Rd
Metairie, LA 70001
Retail Property For Sale
Executive Summary
Labarre Center is a premier 5,554 SF neighborhood retail center situated at the high-visibility intersection of Metairie Road and N. Labarre Road. Located in Old Metairie—the New Orleans region’s most affluent and prominent suburban submarket—the property sits squarely within the area’s prime retail corridor. Currently 100% leased, the center is surrounded by high-end boutique destinations and benefits from an exceptionally low submarket vacancy rate. Driven by unparalleled neighborhood demographics, the property boasts an average household income exceeding $145,000 within a one-mile radius, making this an unmatched Old Metairie location.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,554 SF
Building Class
C
Year Built
2000
Price
$4,274,714 CAD
Price Per SF
$769.66 CAD
Cap Rate
6.51%
NOI
$278,433 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.46 AC
Zoning
Commercial - Commercial with Commercial Parkway Pedestrian Overlay
Parking
34 Spaces (6.12 Spaces per 1,000 SF Leased)
Frontage
200’ on Metairie Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Cafe
- Awning
Property Taxes
| Parcel Number | 0810000338 | Improvements Assessment | $98,010 CAD |
| Land Assessment | $82,530 CAD | Total Assessment | $180,540 CAD |
Property Taxes
Parcel Number
0810000338
Land Assessment
$82,530 CAD
Improvements Assessment
$98,010 CAD
Total Assessment
$180,540 CAD
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