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    5 Bullard Ave New Orleans, LA 70128

    Sponsored
    For Sale
    $4,200,000

    Prime New Orleans East commercial land, 262,386 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 262,386.78 square foot commercial land parcel presents a remarkable investment opportunity in the thriving New Orleans East market. Located at 5 Bullard Avenue, New Orleans, LA 70128, this property boasts a highly desirable C-1 zoning designation, opening doors to a wide array of commercial development possibilities. The site benefits from its strategic position along a premier retail and commercial corridor, ensuring high visibility and accessibility. This prime location is surrounded by a robust mix of established businesses, including national chains such as Home Depot, Pep Boys, IHOP, McDonald's, Wendy's, Taco Bell, KFC, Burger King, Papa John's, Waffle House, and Aaron's, as well as local favorites like New Orleans Hamburger & Seafood and City Gear. The presence of these well-known brands underscores the area's strong commercial activity and significant consumer traffic. This substantial land area provides ample space for a variety of development projects, making it an ideal investment for developers, entrepreneurs, and investors seeking a high-impact location within a dynamic and growing market. The property's address is 5 Bullard Avenue, Orleans County, Louisiana. The asking price for this exceptional opportunity is $4,200,000.

    Property Features for 5 Bullard Ave

    General Information

    Property type
    Land

    HighLights

    • $4,200,000 asking price.
    • 262,386.78 square foot land parcel.
    • C‑1 zoning.
    • Located on a prime New Orleans East retail and commercial corridor.
    • Surrounded by national retailers including Home Depot, Pep Boys, and numerous fast‑food restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -89.95823
    Latitude
    30.041444

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    FAQs

    What type of property is this?
    Land - Prime New Orleans East commercial land, 262,386 sq ft.
    Where is this land located?
    The property is located at 5 Bullard Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: $4,200,000 asking price.; 262,386.78 square foot land parcel.; C-1 zoning.
    Request Owner's contact information
    5 Bullard Ave New Orleans, LA 70128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Bullard Ave New Orleans, LA 70128
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