Location. Location. Location. This prime development site is located on Metairie Road in coveted Old Metairie, near the major thoroughfare connection of Causeway Boulevard. The property offers excellent access and visibility. The property is zoned C-1: Neighborhood Commercial District. It is generally known as the former Barreca’s Restaurant property.
• Lots 9, 36, 36-A, 36-B are Owned by the Seller.
Full Ownership Interest to transfer at closing.
• Lots 10 & 11 are Under Ground Lease between the Sellerand a Separate Owner.
Leasehold Interest to transfer and Ground Lease to be assumed by or assigned to Buyer at closing, subject to Ground Lessor approval.
The initial term of the Ground Lease expires on
March 31, 2034 with two ten (10) year options to renew.
For more details, contact the Listing Agent.