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    Lk Frst Dr & Interstate 510 New Orleans, LA 70129

    Sponsored
    For Sale
    $1,050,000

    Prime development land near Six Flags.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 79.76-acre industrial land parcel presents a compelling investment opportunity in New Orleans East. Strategically located at the intersection of Interstate 10 and Interstate 510, this property boasts high visibility and convenient access, making it ideal for a variety of development projects, including industrial, commercial, or mixed-use ventures. The site is situated adjacent to the former Six Flags New Orleans (Jazzland) location, currently undergoing a significant redevelopment into a large-scale entertainment complex encompassing a water park, resort, extensive athletic fields, and numerous dining and retail options. This presents a unique chance to participate in the revitalization of this area and capitalize on the anticipated growth in the entertainment and tourism sectors. The property consists of five parcels, all zoned as General Planned Development District (GPD), and includes an unencumbered billboard on one parcel. The future land use designation is Planned Development Area. The asking price for this substantial land holding is $1,050,000. The property's APN is 39W019503. This offering represents a rare chance to acquire a large, strategically located tract of land poised for significant future appreciation. The property's address is Lake Forest Dr & Interstate 510, New Orleans, LA 70129.

    Property Features for 0 Lk Frst Dr & Interstate 510

    General Information

    Property type
    Land
    Lot Size
    3,474,346 SF

    HighLights

    • $1,050,000 asking price for 79.76 acres of vacant industrial land.
    • Located in New Orleans, LA, at Lake Forest Dr & Interstate 510 (APN: 39W019503), zoned General Planned Development District (GPD).
    • Adjacent to the Six Flags redevelopment project in New Orleans East, offering high visibility and accessibility at I‑10 and I‑510 intersection.
    • Includes five parcels, with an unencumbered billboard on one parcel.
    • Ideal for industrial, commercial, or mixed‑use development, complementing the Bayou Phoenix redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -89.938389743615
    Latitude
    30.043923730412

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    FAQs

    What type of property is this?
    Land - Prime development land near Six Flags.
    Where is this land located?
    The property is located at Lk Frst Dr & Interstate 510 New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: $1,050,000 asking price for 79.76 acres of vacant industrial land.; Located in New Orleans, LA, at Lake Forest Dr & Interstate 510 (APN: 39W019503), zoned General Planned Development District (GPD).; Adjacent to the Six Flags redevelopment project in New Orleans East, offering high visibility and accessibility at I-10 and I-510 intersection.
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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
    Lk Frst Dr & Interstate 510 New Orleans, LA 70129
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