Address: 123 S. Broad Avenue, New Orleans, Louisiana 70119
List Price: $575,000 | $48.09 per SF
The property is 11,957 square foot subject of land comprised of two lots of 31′ 3” X 191′ located in an Opportunity Zone in the bio-medical district, and a great redevelopment site right off of Canal and Broad Street available for sale. The immediate area surrounding the property includes the iconic Canal streetcar line, as well as a Whole Foods just three blocks up on Broad Avenue. Zoned as HU-MU, the property is well suited to accommodate new development of office space, retail, short term rentals, multi-family dwellings, animal hospital, catering kitchen, financial institution, health club, medical/dental clinic, microbrewery, public market, restaurant, and artisan manufacturing. As the property is in an Opportunity Zone, which aims to increase investment and revitalize communities, benefits of investing include the ability to defer the payment of your capital gains until Dec 31, 2026, reducing the tax you owe by up to 15% after 7 years, and paying zero tax on gains earned from the Opportunity Fund.
For further listing details, please contact Cameron Griffin (504.582.9250), or Seph Babington (504.352.5238)