I-10 @ Read Blvd - 20 Acres (Shovel Ready)

Vacant Land for Sale
Also listed as Retail-Commercial, Multi-Family
Catylist Listing ID: 30656269
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 20 Acres
Sale Price: $2,395,800
Unit Price: $119,790 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2020

Overview / Comments

20 Acre Development Tract at the high-traffic and developed intersection of Read Boulevard and I-10, which contains many established businesses including CVS Pharmacy, and Hancock-Whitney and Chase Banks to name a few. New Orleans East is the only sub-market in the New Orleans MSA with sizable tracts remaining. It has been recently improved with new residential and commercial development, taking advantage of attractive land pricing. 

This tract is ideally situated for an intensive commercial development reliant on direct visibility and access to Interstate 10. The proximity to I-10 and the direct accessibility to both St. Tammany Parish and Downtown New Orleans also make for a strategic location for new multi-family or mixed use development.

The C-3 Heavy Commercial Zoning District 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. A complete Phase 1 Environmental Site Assessment is available upon request. See Drop Box link.

Please contact Parke McEnery at 504.236.9542 or Gordon McLeod at 504.717.3648 for additional information.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Northshore / N.O. East
Tax ID/APN: 41090429
Zoning: C-3, HEAVY COMMERCIAL DISTRICT
Property Visibility: Excellent
Largest Nearby Street: Read Boulevard

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,111 55,946 109,616
Median Age: 29.95 32.71 34.39
Households: 6,466 20,101 40,957

Contact

Photograph of Listing Agent

Gordon McLeod

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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