Lots 11-14 20th Street

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Lots 11-14 20th Street

Metairie, LA 70002
Asking Price
$599K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial development site located in Metairie, Louisiana.
  • Property consists of four parcels identified as Lots 11-14.
  • Site is situated in close proximity to Lakeside Shopping Center.
  • The asking price for this commercial land is $599,000.
  • Metairie is a central commercial corridor in the metro region.

What's Special

This commercial land offering includes four parcels located at Lots 11-14 20th Street in Metairie, Louisiana. The site occupies a strategic position within the 70002 zip code, maintaining proximity to the prominent Lakeside Shopping Center. Metairie serves as a primary commercial hub within the Greater New Orleans area, characterized by dense retail corridors, established residential neighborhoods, and steady professional activity. Its location benefits from regional connectivity and high visibility within this established suburban market. Investors and developers may find utility in this parcel assembly for various commercial project applications. Given the site configuration and local market demand, the property provides a foundation for retail, service-oriented businesses, or specialized commercial office development. The proximity to major thoroughfares ensures accessibility for both clientele and logistics. Prospective buyers have the chance to secure a site in an area noted for consistent economic performance and high levels of local traffic, positioning this land for potential long-term value creation in the Metairie commercial landscape.

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NOI
$80,000
Cap Rate
13.36%
DSCR
2.25
Strong
Cash-on-Cash
24.73%
Monthly Payment
$2,963.525
Annual Cash Flow
$44,437.698

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