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Property profile & analytics
OFF-MARKET
Land

& Interstate 510 Lk Frst Dr New Orleans, LA 70129

79.76 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 79.76 ac (3,474,346 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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