3908 VETERANS MEMORIAL Boulevard $15,000,000

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    3908 VETERANS MEMORIAL Boulevard Metairie, LA 70002

    • 47,935 sq. ft.
    • 2.39 Acres
    • Commercial
    • MLS# 2464142
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    Views: 7 Days On Site: 22

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    Property Details

    Newly listed, fully occupied commercial building for sale on Veterans Memorial Blvd! This high-profile building offers a robust, income-generating asset with significant recent upgrades and a favorable financial structure. Call agent for more details regarding the attractive mortgage and tax information, an option to assume a 3.75% mortgage rate may be available. 7% cap rate with potential for more, one of the units was being renovated into a cafe by the current owners. Some features include a new roof with a 20-year warranty, installed on August 12, 2024, providing long-term protection and peace of mind. Upgraded Signage, a state-of-the-art Pillar Sign with a digital component (valued at $250K) enhances visibility and advertising potential. Modern Enhancements include: new landscaping (2022), fresh exterior paint (2022), an extra-large external staircase (valued at $150K) for Blue Cliff College, new cement entrances, and new asphalt with thermal striping (2022). This income producing property is a must see, give us a call today for your private tour!

    Contact

    Janis Groetsch

    Janis Groetsch

    Associate

    995694128

    RE/MAX N.O. PROPERTIES

    New Orleans, LA

    Mobile Phone: 504-495-6078

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $15,000,000
    9/16/2024 3:56:00 PM New in Database Source: Multiple Listing Service New Value: $15,000,000

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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.