Offered for sale for the first time in over 50 years, this ±1.25-acre MU-2 zoned urban infill development site is located in the heart of the Lower Garden District. Adjacent to the transformative 40-acre River District development—planned to include new housing, retail, office, hospitality, entertainment, green space, and over $1 billion in projected economic impact—the property is well suited for multifamily, commercial, industrial, or mixed-use redevelopment.
The site is priced significantly below a recent appraisal and features approximately ±320’ of frontage along Religious Street, ±190’ along Orange Street, and ±160’ along Richard Street. The permissive MU-2 zoning allows for a wide range of uses including office, retail, warehousing, fast food, manufacturing, multifamily development, etc.
Located minutes from Downtown New Orleans, the property is in close proximity to The Commissary, the new Shell headquarters, Mardi Gras World, the Ernest N. Morial Convention Center, Race & Religious, and numerous other restaurants, attractions, and destinations throughout the LGD and surrounding neighborhoods.
Offered for sale for the first time in over 50 years, this ±1.25-acre MU-2 zoned urban infill development site is located in the heart of the Lower Garden District. Adjacent to the transformative 40-acre River District development—planned to include new housing, retail, office, hospitality, entertainment, green space, and over $1 billion in projected economic impact—the property is well suited for multifamily, commercial, industrial, or mixed-use redevelopment.
The site is priced significantly below a recent appraisal and features approximately ±320’ of frontage along Religious Street, ±190’ along Orange Street, and ±160’ along Richard Street. The permissive MU-2 zoning allows for a wide range of uses including office, retail, warehousing, fast food, manufacturing, multifamily development, etc.
Located minutes from Downtown New Orleans, the property is in close proximity to The Commissary, the new Shell headquarters, Mardi Gras World, the Ernest N. Morial Convention Center, Race & Religious, and numerous other restaurants, attractions, and destinations throughout the LGD and surrounding neighborhoods.
LISTING SNAPSHOT
Price$4,000,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)N/A
Lot Size1.24 Acres
Year Built
MLS® NumberN/A
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
Listing courtesy of Ben & Burka
Comps
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