1222 Veterans Memorial BlvdKenner, LA 70062

Property Details for 1222 Veterans Memorial Blvd

Lot size

0.55 AC

Property size (Sq ft)

10,090 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This Kenner, LA property offers a compelling investment opportunity with a 10.17% cap rate. The 10,090 square foot building, situated on a 0.55-acre lot at 1222 Veterans Memorial Blvd, features 9,900 square feet of net rentable space, priced at $101.01 per square foot. The asking price is $1,000,000. The single-story building is ideally located in a high-traffic area, a short drive from Louis Armstrong New Orleans International Airport and I-10. Its prime location benefits from proximity to major hotels, including the Holiday Inn New Orleans Airport North and Home2 Suites by Hilton Kenner New Orleans Airport. Currently, the property is partially occupied, with an auto service station (NTB-National Tire & Battery, a Mavis Company) and a flex/office tenant. There is one vacancy. The property features a regular-shaped layout with convenient front parking and a secure rear lot, offering flexibility for various uses. The building is in excellent condition and presents a strong potential for future income growth. The property's versatile zoning allows for auto shop, flex space, and R&D uses. This is an exceptional opportunity to acquire a well-located, income-producing property in a thriving market.

Location Insight

City

Kenner

County

Jefferson Parish

State

Louisiana

Latitude

30.007

Longitude

-90.2519

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