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3100 Metairie Rd - Prime Development Site 0.79 Acres of Commercial Land Offered at $3,072,668 CAD in Metairie, LA 70001

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Investment Highlights

Prime Development Site in Coveted Old Metairie

3100 Metairie Road - Offering Memorandum

Property Facts

Price	$3,072,668 CAD	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Conditions	Ground Lease (Leasehold) Building in Shell Condition	Proposed Use	Retail Mixed Use General Freestanding Hold For Development Medical Restaurant Strip Centre
No. Lots	1	Total Lot Size	0.79 AC
Zoning	C-1 - Neighborhood Commercial District

Price	$3,072,668 CAD
Sale Type	Investment or Owner User
Sale Conditions	Ground Lease (Leasehold) Building in Shell Condition
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Mixed Use General Freestanding Hold For Development Medical Restaurant Strip Centre
Total Lot Size	0.79 AC
Zoning	C-1 - Neighborhood Commercial District

1 Lot Available

Lot

Price	$3,072,668 CAD	Lot Size	0.79 AC
Price Per AC	$3,889,452.62 CAD

Price	$3,072,668 CAD
Price Per AC	$3,889,452.62 CAD
Lot Size	0.79 AC

Description

Location. Location. Location. This prime development site is located on Metairie Road in coveted Old Metairie, near the major thoroughfare connection of Causeway Boulevard. The property offers excellent access and visibility. The property is zoned C-1: Neighborhood Commercial District. It is generally known as the former Barreca’s Restaurant property. • Lots 9, 36, 36-A, 36-B are Owned by the Seller. Full Ownership Interest to transfer at closing. • Lots 10 & 11 are Under Ground Lease between the Sellerand a Separate Owner. Leasehold Interest to transfer and Ground Lease to be assumed by or assigned to Buyer at closing, subject to Ground Lessor approval. The initial term of the Ground Lease expires on March 31, 2034 with two ten (10) year options to renew. For more details, contact the Listing Agent.

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