Vacant Land Development Opportunity in Bywater

Vacant Land for Lease
Catylist Listing ID: 30710900
Property Subtypes: Multi-Family, Office, Residential (Single Family), Other
Gross Land Area: 7,800 SF
Lease Rate: $20,000 (Annual)
$2.56 PSF (Annual)
Base Monthly Rent: $1,666
Lease Types: Absolute Gross, Absolute NNN
Last Updated: 12/8/2022

Overview / Comments

This exceptional property is located in the Bywater, one of New Orleans’ most-sought-after neighborhoods. This vibrant area is a dynamic mixture of arts, industrial, and residential properties. The lot is one block off St. Claude Avenue, which features restaurants and galleries. It is also only one block away from 2930 Burgundy, a mixed-income, multi-family, 69-unit and ground floor retail building currently under construction that is one example of new development in the area.

Owner will consider a build-to-suit opportunity which could consist of a 2,080 sf ground floor; 1,000 sf second floor; and off-street parking. Please see agent for
pricing.

This area is ripe for development, with recent conditional permits being given to other businesses.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41072484
Zoning: HM-MU
Property Located Between: N. Rampart and Homer Plessy Way
Property Visibility: Good
Largest Nearby Street: St. Claude
Highway Access: Only a few blocks away from N. Claiborne Ave., which connects directly with I-10
Airports: Msy
Area Description: The Bywater is a thriving neighborhood that is a mixture of residential, industrial, restaurants, and arts. Recently there have been new residential and mixed-use developments. Additionally, St. Claude is one block away. The Bywater neighborhood is popular with residents as well as visitors. Surrounding neighborhoods are easy to access and provide equally diverse opportunities. Immediately adjacent to the Bywater is the MARIGNY, one of New Orleans’ earliest suburbs. While it is still heavily residential, it also features and eclectic mix of restaurants, businesses, and music venues. Frenchmen Street is a popular destination for live music. Nearby is the FRENCH QUARTER, with its historic hotels, award-winning restaurants, and other attractions. ST. ROCH and the 7TH WARD are primarily residential areas.
Zoning Description: The HM-MU Historic Marigny/Tremé/Bywater Mixed-Use District is intended to provide a mixed-use environment of light industrial, commercial, and residential uses that would not adversely affect the historic character of the neighborhood. Compatibility of such uses and structures with one another and with the area is encouraged through the development review process. See comprehensive list of permitted uses and further information on Overlay Districts. Maximum height is 55 feet.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,274 144,986 365,644
Median Age: 38.43 37.26 35.85
Households: 11,331 62,686 152,587

Contact

Photograph of Listing Agent

Andrea A Huseman, CCIM

Corporate Realty - Canal Place New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Emily G Kramer

Corporate Realty - Main Office New Orleans, LA 70130
LACDB Member
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