20 Acre Development Tract at a high-traffic and developed intersection of Read Boulevard and I-10, which contains many established businesses including CVS Pharmacy, and Hancock-Whitney and Chase Banks to name a few. New Orleans East is the only sub-market in the New Orleans MSA with sizable tracts remaining. It has been recently improved with new residential and commercial development, taking advantage of attractive land pricing, and is a market that is presently at its healthiest status since Hurricane Katrina.
This tract is ideally situated for an intensive commercial development reliant on direct visibility and access to Interstate 10. The proximity to I-10 and the direct accessibility to both St. Tammany Parish and Downtown New Orleans also make for a strategic location for new multi-family or mixed use development.
The C-3 Heavy Commercial Zoning District allows for a wide array of potential development uses as listed above (https://czo.nola.gov/article-15/). The site is fully cleared, paved and ready for new development. A complete Phase 1 Environmental Site Assessment is available upon request. See Drop Box, the LACDB and LoopNet listings, and Offering Memorandum are linked below.
The 20 acre tract is offered for $3,250,000.
Please contact Parke McEnery at 504.236.9542 or Gordon McLeod at 504.717.3648 for additional information.