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$ 1,995,000
Est. payment /mo
Active
1912 LB LANDRY AVE New Orleans, LA 70114
46,407 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 46,407 sqft
Price per Sqft $42
MLS Listing ID 2563632
HOA Y/N No
Property Description
MOTIVATED SELLER. BRING ALL OFFER, OWNER FINANCING AVAILABLE ! Rare opportunity to acquire a ±3.15-acre historic redevelopment site in Algiers featuring a ±46,407 SF existing structure and spanning an entire city block. Located within an Opportunity Zone and individually listed on the National Register of Historic Places, the property offers significant redevelopment potential for multifamily, mixed-use, senior housing, affordable housing, institutional, educational, or community-serving uses.
Part 2 Historic Tax Credit approval is already in place, providing a major advantage for developers seeking to leverage Federal Historic Tax Credits (20%) and Louisiana Historic Tax Credits (up to 25%), subject to program requirements. Current zoning includes C-1 Commercial and S-RM1 Suburban Multifamily Residential with a MUL (Mixed-Use Low Density) future land use designation, allowing for a variety of redevelopment concepts.
Prominently located along L.B. Landry Avenue and Wall Boulevard with convenient access to the Crescent City Connection, Downtown New Orleans, and major transportation corridors. Owner financing and creative deal structures may be considered. Motivated seller. Bring all offers.
Part 2 Historic Tax Credit approval is already in place, providing a major advantage for developers seeking to leverage Federal Historic Tax Credits (20%) and Louisiana Historic Tax Credits (up to 25%), subject to program requirements. Current zoning includes C-1 Commercial and S-RM1 Suburban Multifamily Residential with a MUL (Mixed-Use Low Density) future land use designation, allowing for a variety of redevelopment concepts.
Prominently located along L.B. Landry Avenue and Wall Boulevard with convenient access to the Crescent City Connection, Downtown New Orleans, and major transportation corridors. Owner financing and creative deal structures may be considered. Motivated seller. Bring all offers.
Location
State LA
County Orleans
Zoning S-RM1
Interior
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Mixed Use,None
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Others
Acceptable Financing Bond For Deed, Lease Purchase, Owner May Carry
Listing Terms Bond For Deed, Lease Purchase, Owner May Carry
Special Listing Condition None
Schools Near
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