255 Marina Rd Chalmette, LA 70043
This exceptional 4.8-acre waterfront property, located at 255 Marina Road in Chalmette, Louisiana, presents a unique development opportunity. Situated on Bayou Bienvenue, this 212,385 square foot parcel offers unparalleled access to Lake Pontchartrain and a direct route to the Gulf of Mexico. The property is ideally positioned just ten minutes from New Orleans, providing convenient access to the city's amenities while maintaining a tranquil waterfront setting. Complete architectural plans are available for the construction of twelve new waterfront homes, transforming this site into a highly desirable residential development. These plans are ready for immediate implementation, eliminating significant pre-development hurdles. The property's prime location and existing development plans make this an exceptional investment opportunity for developers seeking to capitalize on the high demand for waterfront properties in the greater New Orleans area. The existing plans provide a comprehensive vision for the project, minimizing the time and resources required to bring this vision to fruition. This is a rare chance to acquire a substantial waterfront parcel with a clear path to development, offering significant potential for substantial returns. The property is being offered at $800,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.