Labarre Center
Labarre Center is a 5,554 SF multi-tenant retail strip in Old Metairie, Louisiana's most affluent suburban submarket, offered at $3,100,000 at a 6.51% cap. The property is 100% leased to Ruby Slipper Restaurant (3,300 SF), Geneva Nails (1,101 SF), and Wildflower Boutique (1,154 SF), anchoring a high-visibility corner at Metairie Road and N. Labarre Road.
Built in 2000 on 0.454 acres, the single-story center sits within Old Metairie's prime retail corridor, a walkable, mixed-use strip known for luxury boutiques, established restaurants, and health and wellness services. The submarket is characterized by exceptionally low vacancy, tightly held properties, and near-zero new supply due to zoning constraints and lot-size limitations. In 2015, Jefferson Parish established a pedestrian-friendly overlay district along Metairie Road, spurring renovation and new construction that has brought in tenants like Club Pilates, Loft 18, and Rock N Sake.
The trade area is anchored by affluent demographics: average household income exceeds $145,000 within one mile and reaches nearly $190,000 across Old Metairie in 2025. The 10-minute drive time captures 130,783 residents and 60,784 households at an average income of $109,978. The scarcity of available retail space on Metairie Road commands a premium and makes turnover rare, creating a stable, income-producing asset for investors seeking exposure to a wealthy, captive consumer base.
- 100% leased to three established tenants; stabilized income
- High-visibility corner location on Metairie Road, Old Metairie's prime retail corridor
- Average household income exceeding $145,000 within one-mile radius; $190,000 across submarket
- Exceptionally low submarket vacancy; near-zero new supply due to zoning constraints
- Pedestrian-friendly overlay district; recent corridor renovation activity
More property details
Features & amenities
Location
Labarre Center is a premier neighborhood retail center situated at the high-visibility intersection of Metairie Road and N. Labarre Road in Old Metairie, the New Orleans region's most affluent and prominent suburban submarket. The property sits squarely within the area's prime retail corridor.
- High-visibility intersection; surrounded by high-end boutique destinations;
- exceptionally low submarket vacancy rate;
- walkable, mixed-use corridor; pedestrian-friendly overlay district
Additional details
Old Metairie is known for its historic homes and tree-lined streets. Metairie Road functions as one of the most tightly held retail strips in the Greater New Orleans region, featuring an appealing mix of boutiques selling luxury goods, established and high-end restaurants, and health and wellness service providers. In 2015, Jefferson Parish created an overlay district along Metairie Road designed to encourage pedestrian-friendly development. Recent new construction and major renovation projects have brought in tenants like Club Pilates, Loft 18, Ruby Slipper, and Rock N Sake.
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