NEW CONSTRUCTION: 21 residential units + 5,270 SF of commercial space. Twenty-one (21) off-street parking spaces. 3100 Banks is a unique and attractive opportunity zone project available for sophisticated Opportunity Zone investors. Mid-City is one of the most sought after locales in the New Orleans marketplace to live and work. The favorable location is compounded by the opportunity zone designation and coupled with entitlement and approved development plans in place. This is a superb opportunity to acquire and develop this well appointed property with tremendous upside as a rental property for 10 years and subsequent condo sales in year 11, with realization of the substantial tax benefits provided by the Opportunity Zone.
Purchase Price includes a finished development with a Certificate of Occupancy delivered by the seller to the purchaser, with the Purchaser receiving all benefits of the Opportunity Zone tax treatment. AVAILABLE for SALE! $6,300,000
Please contact Gordon McLeod at 504-717-3648 or Parke McEnery at 504-236-9542 for more information.