5240 Veterans Memorial Boulevard

    Metairie, LA 70006
    • $1,480,000
    • STATUS: Active
    • ON SITE: 349 days
    • MLS #: 2127560
    $1,480,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,500
      SQFT
    • $197
      $/SQFT
    Type:
    Commercial
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    Description

    New 1.6M Appraisal. Single-tenant investment property sits on busy Veterans Boulevard across from Rouse's Supermarket near Transcontinental. Home to Bath Fitters flagship location for the metro area, property renovated in 2015 with beautiful showroom, conference room and separate break room along with approx. 2,500 sf warehouse in the rear. The property is zoned C-2 and includes a 8,030 rear lot (zoned RR3). Guaranteed 7.7% CAP & $114,000 NOI through April 2020.

    Monthly Payment Calculator



    Broker and Associates are licensed in the State of Louisiana, USA.
    Turner Real Estate Group || (985) 626-1313 || Mandeville, LA.

    Terms & Conditions
    Listings Courtesy of Gulf South Real Estate Information Network. © 2018, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. Data last updated: 2018-09-23T23:34:33.9.
    www.localnorthshorerealestate.com/homes/77413748

    5240 Veterans Memorial Boulevard Metairie, LA 70006

    • Price: $1,480,000
    • Status: Active
    • MLS #: 2127560
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,500
    SQFT
    $197
    $/SQFT
    1973
    Built
    County:
    Jefferson
    Area:
    Metairie
    Property Description
    New 1.6M Appraisal. Single-tenant investment property sits on busy Veterans Boulevard across from Rouse's Supermarket near Transcontinental. Home to Bath Fitters flagship location for the metro area, property renovated in 2015 with beautiful showroom, conference room and separate break room along with approx. 2,500 sf warehouse in the rear. The property is zoned C-2 and includes a 8,030 rear lot (zoned RR3). Guaranteed 7.7% CAP & $114,000 NOI through April 2020.
    Exterior Features

    Car Storage LotOff Street Parking Exterior Cinder Block Lot Description Regular Lot Size 50X225 50X160

    Property Features

    Ada Features YN Yes Age Description Resale Age Description2 None Bond For Deed YN Yes Bounding Streets HaringTranscontinental Building Type Retail Building City Limit YN Yes Electricity Provided By Entergy Elevation Cert Available No Gas Type Natural Insurance Paid By Owner Janitor Paid By Tenant Lease Purchase Poss YN No Measurement Approx Not Guaranteed Yes Real Estate Taxes Paid By Owner Sewer Type City Sold As Is WOR Yes Sold With Covenants Restrictions No Termite Contract No Third Party Reo Neither Total Area 7500 Utilities Paid By Tenant Water Type Public Year Remodeled Renovated Or Built 2015 Zoning C-2

    Listing Courtesy of Gulf South Real Estate Information Network.


    Broker and Associates are licensed in the State of Louisiana, USA.
    Turner Real Estate Group || (985) 626-1313 || Mandeville, LA.

    Terms & Conditions
    Listings Courtesy of Gulf South Real Estate Information Network. © 2018, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. Data last updated: 2018-09-23T23:34:33.9.
     
    Turner Real Estate Group
    111 N Causeway Blvd, Suite 101
    Mandeville LA, 70448