11900 Dwyer Rd New Orleans, LA 70128
This exceptional 35.83-acre commercial land parcel presents a unique development opportunity in East New Orleans, Louisiana. Located at 11900-11950 Dwyer Road, this property boasts 1,780 linear feet of frontage along Dwyer Road, offering significant visibility and accessibility. The land is comprised of two parcels: Lots G-2-A-1A (13.09 acres) and G-2-A1-B (22.75 acres), situated in Section 31, Lakratt Tract, Imperium Estates, Third Municipal District. Its strategic location provides convenient access to Chef Menteur Highway and Bullard Avenue. The sale also includes a connecting parcel at 4891 Bullard Road. The property is zoned S-RS and is being sold "as is, where is." Importantly, a preliminary subdivision plan, McKendall Park Subdivision, proposing 107 lots, received preliminary approval from the City Planning Commission in March 2023, subject to conditions, though final City Council approval was not obtained. This provides a strong foundation for future development plans, subject to necessary approvals and permits. The asking price is $925,000, translating to approximately $25,816 per acre. The APN numbers are 39W018610 and 39W018602. This prime location and substantial acreage make this an attractive investment for developers seeking a significant project in a growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.