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Opportunity Zone
Historic Mixed-Use Building in the Heart of Mid-City
Prime Intersection for Mixed-Use Development
Listing Contacts
License: LA 0000046334
Active
Asking Price: $975,000
Address
3401 Tulane Ave, New Orleans, LA 70119
Show on MapDate Added
Aug 1, 2023
Days on Market
632 days
Time Since Last Update
22 days
Details
Property TypeMixed Use
SubtypeRedevelopment, Retail
Lease TypeNNN
TenancyMulti
Square Footage10,830
Price/Sq Ft$90.03
Stories3
ZoningMU-1
Lot Size (sq ft)4,356
Sale ConditionFor sale by owner
Marketing Description
This high-visibility, three-story building is located at the signalized intersection of Tulane Avenue and Norman C. Francis Parkway in Mid-City. The 4,356-sf site commands a well-traveled corner along a corridor from the Central Business District and BioMedical District to Metairie. It is approximately half a mile from the property to I-10 and Airline Drive. The area is easily accessible and has multiple restaurants, retail centers, and upcoming retail developments.
Originally built in the 1940s, the building may qualify for historic tax credits. It currently has two tenants, Russell’s Cleaners and Poree’s Embroidery, occupying the ground floor retail spaces. The second and third floors are shell space, primed for redevelopment for multifamily or office use, and total 7,220 rsf.
The building is pre-approved for both State and Federal historic tax credits.
Investment Highlights
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Amazing location
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Great visibility on busy intersection
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Primed for redevelopment
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Property History
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Due Diligence
Listing Contacts
- License: LA 0000046334
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