3908 VETERANS MEMORIAL Boulevard, Metairie, LA, 70002

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$14,500,000
155 Days On Site

3908 VETERANS MEMORIAL Boulevard
Metairie, LA 70002

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
47,935
SqFt
$302
/SqFt
1972
Built
Subdivision:
Not a Subdivision
County:
Jefferson
Call Now: (504) 228-6500
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(504) 228-6500
3908 VETERANS MEMORIAL Boulevard3908 VETERANS MEMORIAL Boulevard3908 VETERANS MEMORIAL Boulevard3908 VETERANS MEMORIAL Boulevard
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This high-profile building offers a robust, income-generating asset with significant recent upgrades and a favorable financial structure. Features a 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! 3908 Veterans Blvd is a premier two-story, 48,000+ SF commercial building located in the heart of Metairie’s bustling retail and medical corridor. This high-visibility asset is surrounded by national brands and major thoroughfares — and anchored by a strong, diversified tenant mix that includes Bonvenu Bank, Rapid Urgent Care, Gel Nails Salon, Blue Cliff College, and the U.S. Coast Guard. With 209 feet of frontage on Veterans Memorial Blvd and a digital monument sign commanding daily traffic counts in the tens of thousands, this property offers unmatched exposure and long-term stability. Also includes the parking lot directly behind the building as well. Newly reduced insurance premium for 2025 = dramatically lower NNN costs, improving tenant retention and investor cash flow. Flexible leasing incentives available now for two remaining suites (±2,900 SF and ±1,900 SF), allowing for value-add income potential. Recent upgrades completed in 2022, including a new roof with 20-year warranty, enhanced landscaping, fresh exterior paint, and a state-of-the-art $250K digital pylon sign.

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Listing Snapshot
Price 
$14,500,000
Days On Site 
155 Days
Bedrooms 
N/A
Inside Area (SqFt) 
47,935 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.3859 Acres
Year Built 
1972
MLS® Number 
2479766
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayPrice changed to $14,500,000
2 days agoListing updated with changes from the MLS®
5 months agoStatus changed to Active
5 months agoListing first seen on site
General Features
Acres 
2.3859
Number Of Stories 
1
Parking 
Parking Lot
Sewer 
Public Sewer
SqFt Total 
47935
Stories 
One
Water Source 
Public
Zoning 
C-2
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Exterior Features
Construction Details 
Metal SidingStucco
Lot Features 
City Lot
Listing courtesy of Keller Williams Realty New Orleans

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
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