1829 Leonidas St New Orleans, LA 70118
This exceptional investment opportunity encompasses three properties totaling 6,072 square feet on a sprawling 16.5-acre lot in New Orleans' Carrollton Historical District. Located at the corner of Cohn and Leonidas Streets, this package presents a unique redevelopment prospect in a rapidly growing neighborhood. The main building, a former church constructed in 1920, features a large open space, bathrooms, and small offices, situated on Cohn Street. A cinder-block addition at the rear, previously used as a fellowship hall, includes a spacious open area and a kitchen. Both the main building and the addition require substantial renovation or demolition. The property's zoning is HU-RD2. The combined APN numbers are 716300632, 716300633, and 716300615. This location offers unparalleled convenience, just five blocks from the Carrollton Streetcar and six blocks from Oak Street's vibrant retail scene. The properties are being sold together as-is, presenting a blank canvas for a wide range of development possibilities, capitalizing on the increasing demand for new homes in this revitalizing area. The asking price for this unique package is $395,000. This is a rare chance to acquire a significant land holding in a desirable New Orleans location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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