1912 L B Landry Ave, New Orleans, LA 70114 For Sale

1912 L.B. Landry Avenue New Orleans, LA 70114

±46,407 SF Building on ±3.15 Acres

Redevelopment Opportunity | Owner Financing Available

PROPERTY OVERVIEW

Opportunity to acquire a full city-block redevelopment site in Algiers. The property spans Squares 51 & 52 plus a portion of Wagner Street, totaling ±137,257 SF (±3.15 acres) with an existing ±46,407 SF structure.

Current zoning includes C – Commercial and S-RM1 Suburban Multifamily Residential, with a MUL – Mixed-Use Low Density Future Land Use designation, supporting a wide range of residential, mixed-use, institutional, or community-serving redevelopment concepts.

SELLER CONCEPTUAL REDEVELOPMENT (44 UNITS)

Seller has completed a preliminary (non-submitted) redevelopment concept for 44 long-term residential units with supporting amenities. Buyer may leverage this work as a starting point for feasibility and design.

Proposed Unit Mix (44 Units):

• 1BR: 2 units @ ±565 SF
• 2BR: 27 units @ ±700 SF
• 3BR: 15 units @ ±860 SF

Proposed Amenity / Support Spaces:

• Community / resiliency center
• Event space
• Commercial kitchen
• Restrooms, storage, and flexible programming areas

Concept supports multifamily, mixed-income, senior housing, or mission-driven residential uses.

HISTORIC TAX CREDITS

• Individually listed on the National Register of Historic Places
• Historic Tax Credits available
• Part 2 approval is already in place
• Eligible for Federal (20%) and Louisiana State Historic Tax Credits (up to 25%)
• Potential to layer with Opportunity Zone incentives and LIHTC, subject to buyer’s program and approvals

LOCATION

Prominently located along L.B. Landry Avenue and Wall Boulevard, minutes to the Crescent City Connection and Downtown New Orleans. Strong visibility, multiple access points, and proximity to major transportation corridors.