Mixed-Use New Construction Available for Purchase + Full OZ Tax Treatment: 3100 Banks is a unique and attractive opportunity zone project available for sophisticated Opportunity Zone investors. The $6,300,000 Purchase Price includes delivery of 21 residential units + 5,270 SF of commercial space, and twenty-one (21) off-street parking spaces with Certificate of Occupancy, with the Purchaser receiving all benefits of the Opportunity Zone tax treatment.
The location in Mid-City, one of the most sought after locales in the New Orleans marketplace to live and work, affords a durable and long-term investment platform. The favorable location is compounded by the opportunity zone designation and is coupled with entitlement and approved development plans in place. This is a superb opportunity to acquire this well-appointed property with tremendous upside as a rental property and subsequent condo sales, with realization of the substantial tax benefits provided by the Opportunity Zone. An investment into a QQF during this year or next year (2020 or 2021) is eligible for a 10% reduction in the capital gains tax.
Operating Budget and Detailed Construction Schedule Available Upon Request.
Please contact Gordon McLeod at 504-717-3648 or Parke McEnery at 504-236-9542 for more information.