For Sale
$1,875,000

3017 Edenborn Ave Metairie, LA 70002

12,000 SF Retail Space, Vacant, Owner/User

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 12,000-square-foot storefront property at 3017 Edenborn Avenue in Metairie, Louisiana, presents a compelling investment opportunity. Located in a prime central Metairie location, this vacant retail space offers easy access via I-10, Veterans Boulevard, and the Causeway. The building itself is an attractive tilt-up concrete structure, featuring 8,000 square feet on the ground floor and an additional 3,000 square feet upstairs. Its functional and flexible layout allows for a wide range of potential uses, catering to diverse business needs. The property sits on a 0.37-acre lot and was built in 1975. It is zoned FC3 (Fat City Mixed Use), providing versatility for future development. Currently listed at $1,875,000, the seller is offering attractive seller financing via a Bond for Deed. The financing terms include a 25% down payment ($468,750), a $1,406,250 loan amount, a 10-year term, and a 4.5% APR, resulting in a monthly payment of $14,574.15. A 90-day notice is required for the current occupant to vacate. Proof of funds is required. This is a rare opportunity to acquire a substantial retail space in a highly desirable location with flexible financing options.

Highlights

  • Prime Central Metairie location, easily accessible via I-10, Veterans Blvd, and the Causeway.
  • Attractive 12,000 SF tilt-up concrete building (8,000 SF ground floor, 3,000 SF upper level).
  • Flexible layout suitable for diverse uses.
  • 90-day notice required for tenant vacancy.
  • Bond for Deed financing available: $1,875,000 sale price, 25% down payment ($468,750), $1,406,250 loan at 4.5% APR over 10 years ($14,574.15 monthly payment). Proof of funds required.

Property Details for 3017 Edenborn Ave

Property type
Retail properties, Retail space
Square Feet
12,000 SF
Year Built
1975
Lot Size (sq. ft)
16,117 SF
Units
1

Location Insight

City
Metairie
County
Jefferson Parish
State
Louisiana
Latitude
30.00581447
Longitude
-90.16206748

FAQs

What type of property is this?
Retail property - 12,000 SF Retail Space, Vacant, Owner/User
Where is the retail property located?
The property is located at 3017 Edenborn Ave Metairie, LA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Prime Central Metairie location, easily accessible via I-10, Veterans Blvd, and the Causeway.; Attractive 12,000 SF tilt-up concrete building (8,000 SF ground floor, 3,000 SF upper level).; Flexible layout suitable for diverse uses.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3017 Edenborn Ave
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