609-611 Metairie Road

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609-611 Metairie Road

Metairie, LA 70005
Asking Price
$1.25M
Asset Type
Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is available for purchase at $1,250,000.
  • Located at 609-611 Metairie Road in Metairie, Louisiana.
  • This asset is classified as retail commercial real estate.
  • The building is situated in a high-traffic suburban submarket.
  • Positioned for various retail or neighborhood service business operations.

What's Special

Priced at $1,250,000, this retail property at 609-611 Metairie Road occupies a prominent position in Metairie, Louisiana. The asset serves a established suburban community within the Greater New Orleans area, benefiting from steady local traffic and consistent regional economic activity. As a retail-focused asset, the layout is well-suited for businesses seeking storefront exposure in a highly accessible corridor. The surrounding district features a mix of service-based businesses, boutiques, and neighborhood amenities that drive consistent foot traffic throughout the work week and into the weekend. Investors and owner-occupants looking for a foothold in this submarket will find the location conducive to various retail or service-oriented business models. The building provides direct access to major arterial routes, facilitating connectivity for customers commuting from neighboring residential pockets throughout the parish. This property represents a functional addition to a commercial portfolio in a dense and active retail submarket.

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

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