Lower Garden District Redevelopment Opportunity!

Expired Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30051195
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Self Storage
Gross Land Area: 1.21 Acres
Sale Price: $3,500,000
Unit Price: $2,892,561 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 11/8/2017
Last Updated: 11/8/2017

Overview / Comments

Prime redevelopment opportunity in the Lower Garden District at the gateway to the New Orleans Warehouse District. Excellent opportunity for mixed-use development, apartments, condos, hotel, mini-storage, or single-family residential development. The site is centrally located with fast access to the newly proposed Trade District (which includes the Convention Center), the Central Business District, the Warehouse District, Upper Garden District and the West Bank.

The site contains +/- 1.21 acres of land with +/- 390' of frontage on +/- Erato St, +/- 60' on Annunciation St., +/- 85' on Constance St. & +/- 65' on Thalia St.

Number of Buildings: 4
Total Building Square Footage: +/- 48,000 SF
Square Footage Breakdown:
+/- 4,500 SF office; +/- 48,000 SF Warehouse

Zoning: HU-MU with HU-B1A Overlay

Buyer to verify all information to Buyer's satisfaction.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Taxing Authority: Orleans Parish
Tax ID/APN: 41142813
Zoning: HU-MU W/ HU-B1A OVERLAY
Property Located Between: Annunciation, Erato, Thalia & Constance
Property Visibility: Excellent
Legal Description: +/- 60' on Annunciation St. +/- 390' on Erato St. +/- 85' on Constance St. +/-0 65' on Thalia St.
Largest Nearby Street: Annunciation
Highway Access: Fast, easy access to I-10
Site Description: Various warehouse buildings totaling +/- 48,000 SF situated on +/- 1.21 acres with a solid block of frontage on Erato St.
Area Description: Lower Garden District - near the proposed Trade District, the Central Business District (which employs approximately 12,740 peopled has nearly 8,917,980 SF of total Class A offices space), the Warehouse District, St. Charles Ave. and Upper Garden District.
Zoning Description: HU-MU (Historic Urban Neighborhood Mixed-Use District HU-B1A Overlay
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,087 196,196 399,883
Median Age: 36.73 35.65 36.93
Households: 10,608 84,557 166,535

Contact

Photograph of Listing Agent

Kirsten E Early

SRSA Commercial Real Estate Metairie, LA 70002
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