7421 Chef Menteur HwyNew Orleans, LA 70126

  • Commercial land
  • 1.75 AC
For Sale
$299,000 View listing

Property Details for 7421 Chef Menteur Hwy

Lot size
1.75 AC
Property type
Commercial land
APN
39W920949
APU
39W920949

Description

This exceptional 1.75-acre commercial land parcel presents a prime development opportunity in New Orleans, Louisiana. Located at 7421 Chef Menteur Highway, in Orleans Parish, zip code 70126, this property boasts a highly desirable C-1 zoning classification, opening doors to a wide range of commercial ventures. The expansive lot size offers significant potential for various development projects, catering to diverse business needs. Its strategic location along Chef Menteur Highway ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a bustling area. The asking price for this exceptional property is $299,000. Given its size, zoning, and location, this land parcel represents a rare and valuable investment opportunity in the vibrant New Orleans commercial real estate market. Serious inquiries are encouraged to explore the full potential of this remarkable development site. Coordinates are 30.0124463 latitude and -89.9999595 longitude. This is a chance to acquire a significant piece of land in a growing area of New Orleans.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,874,993
    Hospitality
    $12,709,419
    Educational
    $10,574,088
    Medical
    $10,937,747
    Retail
    $16,448,581

Location Insight

City
New Orleans
County
Orleans
State
Louisiana
Latitude
30.0131
Longitude
-89.9998
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$11,470
-
$11,470
-
$114,700
-
$114,700

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