1032 Loyola AveNew Orleans, LA 70113

Property Details for 1032 Loyola Ave

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 18,292 square foot commercial land parcel presents a rare investment opportunity in New Orleans' Central Business District (CBD). Located at 1032 Loyola Avenue, in Orleans Parish, Louisiana, zip code 70113, this property boasts a CBD-1 zoning designation, offering significant development potential. The asking price is $1,250,000, translating to an attractive price per square foot of $68.64. Currently utilized as a parking lot, this site generates substantial interim revenue. The strategic corner location provides excellent visibility and accessibility. This property is situated within a Qualified Opportunity Zone, offering potential tax advantages for eligible investors. Please note that the sale of this property is contingent upon bankruptcy court approval. Detailed site plans and zoning information are available upon request. This is a unique chance to acquire a prime piece of real estate in a thriving urban core, with the flexibility to capitalize on both short-term income and long-term development prospects. The property's latitude and longitude coordinates are 29.94492647317156, -90.07746499266362 respectively.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9449

Longitude

-90.0775

FAQs

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