Huge Development Site in N.O. East
|Catylist Listing ID:
Hospitality, Multi-Family, Retail, Self Storage
|Gross Land Area:
||$187,500 Per Acre
||Cash to Seller
Overview / Comments
This tract is ideally situated for an intensive commercial development reliant on direct visibility and access to Interstate 10, or Mixed-Use with Multi-Family Above the Ground Floor. The current zoning allows for a wide array of potential development uses as listed above (https://czo.nola.gov/article-15/). The site is fully cleared, paved and ready for new development.
Attachments & Media
||Northshore / N.O. East
|Property Located Between:
||Read Boulevard & Citrus Canal
|Feet of Frontage:
||Direct access to I-10 via the Read Boulevard interchange, directly east of the property.
||Northwest Quadrant of Interstate 10 and Read Boulevard, New Orleans, Louisiana: 9600 I-10 Service Road, New Orleans, LA 70127
Approximately 1,200’ on I-10 Service Road & approximately 700’ along Citrus Canal
~20 Acre development site (exact size to be confirmed by purchaser commissioned survey)
||The listed property is located at the high-traffic and developed intersection at Read Boulevard and I-10. This intersection contains many established businesses including CVS Pharmacy, and Hancock-Whitney Bank to name a few. New Orleans East is the only sub-market in the New Orleans MSA with sizable tracts remaining. The market has recently improved with new development taking advantage of attractive land pricing, and a market that is presently at its healthiest status since Hurricane Katrina. The proximity to I-10 and the accessibility to both St. Tammany Parish and Downtown New Orleans make for a strategic location for new commercial or multi-family development.
||The C-3 Heavy Commercial District is intended to provide for auto-oriented heavy commercial uses and large-scale shopping centers. Standards for the C-3 District are designed to maintain and enhance the appearance of these areas, and to provide adequate buffering between any residential and lower-intensity commercial properties adjacent to the district.
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