New Orleans Prime Commercial Land

Land Description

New Orleans | Prime Commercial Land.

Marketplace Online Auction May 22-24, 2022

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Investment Highlights

Motivated institutional seller

Excellent placement nearby residential neighborhoods and host of national retailers (Walmart Supercenter, Walgreens, McDonald's)

Ease of accessibility to surrounding markets and interstate highway(s)

Development options including storage, multifamily, hospitality, office, and warehouse distribution

Offering Details

Stirling Properties and RI Marketplace are pleased to present a New Orleans | Prime Commercial Land (the "Property"), a 4.6-Acre commercial land parcel located in New Orleans, Louisiana. The Property features an excellent placement nearby residential neighborhoods and a host of national retailers including a Walmart Supercenter, Walgreens, Home Depot, McDonald's, Burger King, Ihop, and more. Accessed from Bullard via Levy Drive, the Property has great access to the surrounding market area and quick connectivity to Interstate 10. The Property offers new ownership the ability to pursue a diverse array of development opportunities including storage, multifamily, hospitality, office, and last mile distribution.

The city of New Orleans employs ±188,000 people. The largest industries in New Orleans include Educational Services, Healthcare & Social Assistance, and Accommodation & Food Services while the highest paying industries are Mining, Quarrying, & Oil, Agriculture, Forestry, Fishing & Hunting, Mining, and Management of Companies & Enterprises. The largest universities in New Orleans include Tulane University, University of New Orleans, and Delgado Community College thereby providing local employers a robust and educated pool of labor to fulfill staffing necessities.

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Auctioneer

Lamar P. Fisher | Fisher Auction Company Inc. | License: 1983 | Co: Ab-424