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    2908 Carrollton Ave New Orleans, LA 70118

    Sponsored
    For Sale
    $995,000

    29,764 SF Commercial Land, $995,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 29,764 square foot commercial land parcel, located at 2908 S Carrollton Ave in New Orleans, Louisiana (zip code 70118), presents a unique investment opportunity. Zoned HU-RD2, the property offers significant potential for multi-unit development. The land's asking price is $995,000, translating to a land value of $33.43 per square foot. Its strategic location in a highly desirable area makes it ideal for a variety of projects, including but not limited to, multi-family residential development, senior living facilities, or other specialized care facilities. The flexibility of the zoning allows for the possibility of re-subdivision into numerous lots, enabling a high-density development plan. This prime site provides excellent accessibility and presents a diverse range of development possibilities for a discerning investor seeking a high-return project in a thriving New Orleans neighborhood. The property is currently vacant and ready for immediate development. Detailed zoning information and site plans are available upon request.

    Property Features for 2908 Carrollton Ave

    General Information

    Property type
    Land

    HighLights

    • 29,764 SF commercial land parcel in New Orleans, LA (70118).
    • HU‑RD2 zoning allows for multi‑unit development.
    • Asking price: $995,000 ($33.43/SF).
    • Ideal for multi‑family, senior living, or specialized care facilities.
    • Potential for re‑subdivision and high‑density development.
    • Vacant and ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.11674666
    Latitude
    29.95966235

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    FAQs

    What type of property is this?
    Land - 29,764 SF Commercial Land, $995,000
    Where is this land located?
    The property is located at 2908 Carrollton Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 29,764 SF commercial land parcel in New Orleans, LA (70118).; HU-RD2 zoning allows for multi-unit development.; Asking price: $995,000 ($33.43/SF).
    (504) 274-2701
    Request Owner's contact information
    2908 Carrollton Ave New Orleans, LA 70118
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    New Orleans, LA 70118
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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
    2908 Carrollton Ave New Orleans, LA 70118
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