3908 VETERANS MEMORIAL Boulevard Metairie, LA 70002
Other
MLS #: 2479766
Courtesy Of HODC LLC dba Keller Williams Realty New Orleans
Property InformationDescription
Newly listed, commercial building for sale on Veterans Memorial Blvd! This high-profile building offers a robust, income-generating asset with significant recent upgrades and a favorable financial structure. Call agent for more details regarding the attractive mortgage and tax information, an option to assume a 3.75% mortgage rate may be available. 7% cap rate with potential for more, one of the units was being renovated into a cafe by the current owners. Some features include a new roof with a 20-year warranty, installed on August 12, 2024, providing long-term protection and peace of mind. Upgraded Signage, a state-of-the-art Pillar Sign with a digital component (valued at $250K) enhances visibility and advertising potential. Modern Enhancements include: new landscaping (2022), fresh exterior paint (2022), an extra-large external staircase (valued at $150K) for Blue Cliff College, new cement entrances, and new asphalt with thermal striping (2022). This income producing property is a must see, give us a call today for your private tour!
Features
- Architecture Style: Other
- Exterior Type: Stucco
- Floors: 1
- Legal Description: PLOTS 26 & 109 & ALL THAT REMAINS OF PLOT 25 A SMALL STRIP OF GROUND ALONG VETERANS HIGHWAY MANSON
- MLSID: 2479766
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