Development Site on Westbank Expressway

Vacant Land for Sale
Catylist Listing ID: 30863272
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 96,000 SF
Sale Price: $800,000
Unit Price: $8.33 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/8/2024

Overview / Comments

This former hotel site boasts 96,000 sq. ft. of land that is ripe with development potential. The hotel has been demolished, so the property is a nearly-blank slate, ready for your next venture (pilings and parking lots remain, but buyer will have to assess the condition of these components). The parcel has frontage on both the Westbank Expressway and Garden Road. Average daily traffic count is approx. 77,000.

Unique dual zoning of C2 (General Commercial - approx. 67,000 sq. ft.), and R1A (Single-Family Residential - approx. 29,000 sq. ft.). The section zoned R1A is already sub-divided into 5 legal lots, adding to the property’s investment potential.

Subject property includes a servitude on adjacent lot for access from Westbank Expressway. See attached survey.

This property represents a significant opportunity for investors and developers looking to capitalize on a versatile and well-located plot of land. Located approx. 10 minutes from downtown New Orleans, near the on-ramp to the elevated section of the Westbank Expressway.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Outer Jefferson Parish
Tax ID/APN: 0420006585|4
Zoning: C2 & R1A
Property Visibility: Excellent
Traffic/Vehicle Count: 77,000
Highway Access: Westbank Expressway and Garden Road
Available Utilities: Electric
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,119 116,093 267,686
Median Age: 37.86 37.51 36.4
Households: 6,117 47,931 108,883

Contact

Photograph of Listing Agent

Mary Cheramie

Generations Realty Group Belle Chasse, LA 70037
LACDB Member
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