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6555 Park Manor DrMetairie, LA 70003

Prime Metairie land, R3 zoning, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1.83-acre commercial land parcel, located at 6555 Park Manor Drive in Metairie, Louisiana, presents a compelling investment opportunity. Situated at the intersection of Park Manor Drive and Veterans Boulevard, this property boasts unparalleled visibility and accessibility, due to its proximity to I-10. Currently zoned R3, the land is ideally suited for a variety of commercial, residential, or mixed-use developments. The site currently houses a 71,500-square-foot building operating as an assisted living facility, offering a potential conversion opportunity into multifamily housing. The existing building comprises 44 one-bedroom units, 16 two-bedroom units, 4 large efficiency units, and 16 small efficiency units. The sale is a fee simple ownership, offering complete control and flexibility to the buyer. The land's strategic location within a thriving urban area, coupled with its substantial size and versatile zoning, makes it an attractive prospect for developers seeking a high-impact project. Detailed demographic and economic data for the area can be provided upon request to assist in evaluating the optimal use of this valuable asset. The price per square foot for the land is $60. This is a rare opportunity to acquire a significant land parcel in a prime Metairie location.

Highlights

  • R3-zoned, 1.83-acre parcel currently operating as a 71,500-square-foot assisted living facility.
  • Existing building features 44 one-bedroom, 16 two-bedroom, 4 large efficiency, and 16 small efficiency units.
  • Prime Metairie location at Park Manor Drive and Veterans Boulevard, offering high visibility and accessibility to I-10.
  • Land price: $60 per square foot.
  • Fee simple ownership.

Property Details for 6555 Park Manor Dr

Property type
Land
Lot Size (sq. ft)
79,715 SF

Location Insight

City
Metairie
County
Jefferson Parish
State
Louisiana
Latitude
30.00364191
Longitude
-90.21215394
6555 Park Manor Dr, Metairie, Louisiana

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6555 Park Manor Dr
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