5050 CHEF MENTEUR HWY VACANT LAND

Vacant Land for Sale
Catylist Listing ID: 30509960
Property Subtypes: Industrial
Gross Land Area: 2.64 Acres
Sale Price: $950,000
Unit Price: $359,848 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2022

Overview / Comments

Rare opportunity to obtain a 2.64 acre parcel of land fronting 3 streets. This property was part of the former Schwegmann parking lot. Easy access to the I-10 Interstate and next to the Industrial Canal. Currently leased for $5500 through June 30, 2022. This property has additional income from an outdoor advertising/sign agreement in the amount of $4186.05 Annually. Lease renews annual every two years.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41210791
Zoning: C-2
Property Visibility: Excellent
Legal Description: Parcels 2-17, and Lots X, Y and Z as per survey dated 11-19-2018 by Gilbert Kelly and Couturie'
Feet of Frontage: 200
Lot Frontage: 200
Lot Depth: 450
Zoning Description: C-2 General Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,536 100,362 236,378
Median Age: 37.24 35.68 35.42
Households: 2,017 40,518 96,160

Contact

Photograph of Listing Agent

William M Soniat

Soniat Realty Inc
New Orleans, LA
LACDB Member
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