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5240 Veterans Memorial Blvd
Metairie, LA 70006
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.44 AC
Zoning
C2
Parking
12 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
50’ on Veterans Memorial Blvd
About 5240 VETERANS MEMORIAL BLVD , METAIRIE, LA 70006
7.6% CAP. This 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, the property was renovated in 2015 to provide the store with a beautiful showroom, plus a compliment of offices for their staff, including a 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). Current lease is Modified Gross, but owner is willing to guarantee purchaser $9,500/mth. ($114,000 )NET, until lease expiration in April of 2020.
Property Taxes
| Parcel Number | 0820024615 | Improvements Assessment | $129,940 |
| Land Assessment | $84,370 | Total Assessment | $214,310 |
Property Taxes
Parcel Number
0820024615
Land Assessment
$84,370
Improvements Assessment
$129,940
Total Assessment
$214,310
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