Lots 7-12 & 13-15 Veterans Blvd & Salem St Avondale, LA 70062
This exceptional 24-acre land parcel presents a unique investment opportunity in Avondale, Louisiana. Strategically located at the intersection of Veterans Boulevard and Salem Street, this property offers a compelling blend of commercial and residential zoning. Lots 7-12, encompassing a significant portion of the acreage, are designated for commercial use, boasting an impressive 120 feet of frontage along the high-traffic Veterans Boulevard and a depth of 120 feet along Salem Street. This prime commercial space is ideal for a variety of development projects, offering excellent visibility and accessibility. Meanwhile, Lots 13-15 are zoned for both double and single-family residential development, providing 120 feet of frontage on Veterans Boulevard and 80 feet on Salem Street. This residential component adds further versatility to the property, allowing for a mixed-use development or separate residential project. The property's substantial size and strategic location in Jefferson Parish, with a 70062 zip code, make it an attractive proposition for developers seeking to capitalize on the area's growth potential. The single-tenant designation allows for streamlined development and management. This is a rare opportunity to acquire a large tract of land with diverse zoning possibilities in a thriving Louisiana community. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure a significant piece of Avondale's future.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.