2616 South Claiborne is one of the last remaining development sites along the South Claiborne Corridor. The site is zoned to allow for numerous intensive commercial uses including free-stranding retail, hotel, gas-station, quick service restaurant development. The immediate area is the heaviest density of retail development along South Claiborne, with major anchoring uses including the Magnolia Marketplace, the University Retail Center, as well as a newly developed free-standing Starbuck’s Coffee. The proximity to the New Orleans CBD and high traffic counts make for an excellent corner site development opportunity. The site also has the benefit of being 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.
Please contact Parke McEnery (504.236.9542) or Cameron Griffin (504.535.5680) for further property details.