Hollygrove Market & Urban Farm

Vacant Land for Sale
Catylist Listing ID: 30786504
Property Subtypes: Agricultural, Multi-Family, Office, Residential (Single Family), Retail, Self Storage
Gross Land Area: 30,050 SF
Sale Price: $975,000
Unit Price: $32.45 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/10/2022

Overview / Comments

The parcel of land is the former Hollygrove Market and Urban Farm site. It is zoned HU-MU and has 10 parking spaces grandfathered in. Located in an enterprise zone and an opportunity zone, the next development will be eligible for tax credits associated with these zones. Additionally a project can potentially be eligible for the restoration tax abatement program as well as Louisiana New Market Tax Credits. An environmental Phase 1 has been completed with no need for Phase 2.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41028254
Zoning: HU-MU
Property Located Between: Carrollton & Earhart
Property Visibility: Excellent
Legal Description: SQ 534 LOT PT OF SQUARE 158-71 X 312-300
Largest Nearby Street: Carrollton
Feet of Frontage: 300
Highway Access: Near I-10 E & W on ramp.
Lot Frontage: 300 Ft.
Lot Depth: 158 Ft.
Zoning Description: It is zoned HU-MU and has 10 parking spaces grandfathered in. Located in an enterprise zone and an opportunity zone, the next development will be eligible for tax credits associated with these zones. Additionally a project can potentially be eligible for the restoration tax abatement program as well as Louisiana New Market Tax Credits. An environmental Phase 1 has been completed with no need for Phase 2.
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,266 190,329 400,497
Median Age: 33.85 37.08 37.73
Households: 10,475 83,885 174,321

Contact

Photograph of Listing Agent

Sydney Anderson

Sydney Anderson Realty, LLC New Orleans, LA
LACDB Member
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