Property Description

MOTIVATED SELLER. BRING ALL OFFER, OWNER FINANCING AVAILABLE ! Rare opportunity to acquire a 3.15-acre historic redevelopment site in Algiers featuring a 46,407 SF existing structure and spanning an entire city block. Located within an Opportunity Zone and individually listed on the National Register of Historic Places, the property offers significant redevelopment potential for multifamily, mixed-use, senior housing, affordable housing, institutional, educational, or community-serving uses. Part 2 Historic Tax Credit approval is already in place, providing a major advantage for developers seeking to leverage Federal Historic Tax Credits (20%) and Louisiana Historic Tax Credits (up to 25%), subject to program requirements. Current zoning includes C-1 Commercial and S-RM1 Suburban Multifamily Residential with a MUL (Mixed-Use Low Density) future land use designation, allowing for a variety of redevelopment concepts. Prominently located along L.B. Landry Avenue and Wall Boulevard with convenient access to the Crescent City Connection, Downtown New Orleans, and major transportation corridors. Owner financing and creative deal structures may be considered. Motivated seller. Bring all offers.

Property Features