

Development Tract W/Multi-Family Income | Jefferson La
Development Tract W/Multi-Family Income | Jefferson La
Marketing description
Prime development opportunity located just 1 block from Ochsner Hospital at the corner of Jefferson & Causeway. The property is comprised of 10 contiguous lots and includes nine apartment rentals, one lot rental and one billboard rental for gross annual income of $124,900.
The property is ideally situated for a medical or office redevelopment opportunity with 157 ft frontage on Jefferson Hwy and rear access through Hawkston St.
This well-maintained asset is well suited for investors seeking steady returns while in a hold period or seeking immediate redevelopment opportunities.
Showings are by appointment only. Please do not disturb the tenant.
· .59 Acre Lot
· Commercial Zoning
· $124,900 Gross Income
· 157 Ft Frontage
· Ideal for owner-user or investor
· One Block from Ochsner Hospital
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