Commercially Zoned Lot in Medical Corridor

Orleans Parish, New Orleans, LA, 70112
Sold
Listed at: March 23rd, 2023
Price
$295,000
ARV
$365,000
Gross Margin
$70,000
Sq. Footage
6240
Type
Land
Parking
Off street
Year build
1975
Lot size
0.03 acres
Bedrooms
0
Bathrooms
0
Half Bathrooms
0
Summary

Call Scott 504-475-4633


Vacant land in a prime location, just one block away from University Medical Center, is now featured!


A total of three adjacent vacant lots, located in the Bio-Medical District of New Orleans and measuring 52′ x 120′, are cleared and ready for development. The property is zoned MS (Medical Service District), with allowable uses that include short-term rental, office space, and large-scale campuses such as hospitals and universities. Tulane University Medical Center and LSU Health Sciences Center are both within a one-mile radius. Development is underway for LSU’s new $100 million dollar apartment complex just two blocks away. With easy access to I-10, you’re just a short drive from everything New Orleans has to offer.


Zoning Link: https://czo.nola.gov/article-15/


Just Some Permitted Land Uses:

Grocery Store

Hotel/Motel

Medical/Dental Clinic

Short Term Rental / AirBNB

Office


Vacant land Comp:

528 S Galvez St – Zoned MS (Medical Service District) measuring 59′ x 132′ sold for $365,000 in 35 days


Call Scott 504-475-4633

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Brian Mahon

No reviews

Disposition manager