This Retail Property is no longer advertised on LoopNet.com.

1002 N Arnoult Rd
Metairie, LA 70001
Metairie Retail/Multi-Family Property · Retail Property For Sale

Investment Highlights

  • 4,450 SF Standalone Retail/Multi-Family Building
  • Four Apartments Upstairs, Leased for Several Years
  • Long-Term Grocery Tenant in 2250 SF 1st Floor Space
  • Owner Financing Available

Property Facts

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,500 SF
Building Class
C
Year Built
1950
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.12 AC
Zoning
R2
Parking
18 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
83’ on N Arnoult Rd

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Signage
  • Air Conditioning

About 1002 N ARNOULT RD , METAIRIE, LA 70001

Owner-financing terms available on this retail/multifamily property in Metairie. Includes long-term grocery tenant in the 2250 SF first floor space and four 550-SF apartments on the second floor. Gross annual income of $67,500 with net income of $60,000. See attachment for terms of owner financing - 4.5% at 20-year amortization with 20% down. Apartments consist of (2) 1 bedroom and (2) 2 bedroom. Potential for increased rents. Tenants have been in place for several years.

Property Taxes

Property Taxes

Parcel Number
0820035893
Land Assessment
$8,180
Improvements Assessment
$64,990
Total Assessment
$73,170
  • Listing ID: 17849555

  • Date on Market: 12/2/2019

  • Last Updated:

  • Address: 1002 N Arnoult Rd, Metairie, LA 70001

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