12 Acre Parcel on Michoud Blvd. adjacent to the Six Flags site
Vacant Land
for Sale
| Catylist Listing ID: |
28283284 |
| Property Subtypes: |
Retail
|
| Gross Land Area: |
12.06 Acres
|
| Sale Price: |
$500,000 |
| Unit Price: |
$41,459 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/17/2023 |
Overview / Comments
12-Acre Site on Michoud Blvd adjacent to the former Six Flags ("Jazzland") site. Zoned "C-2." Great price at less than $1/sq/ft. The site is prime for development and the owner is motivated to sell.
Periodic speculation continues about the imminent redevelopment of the former theme park. With its location and asking price, this parcel could represent an investment opportunity to purchase and hold while waiting for this redevelopment.
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Northshore / N.O. East |
| Tax ID/APN: |
41146770 |
| Zoning: |
C-2 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,188 |
35,415 |
57,513 |
| Median Age: |
33.81 |
33.63 |
32.97 |
| Households: |
1,877 |
12,140 |
20,348 |
|
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