2020 Farragut St 128 New Orleans, LA 70114

This exceptional 3.62-acre parcel at 2020 Farragut St, New Orleans, LA 70114 (APN 513505409|1) presents a unique development opportunity. Priced at $737,195 ($273,204/acre), the land is already plotted for sixteen 25' x 118' lots on Farragut Street and eight 48' x 179.50' lots facing Saux Lane. A significant feature is a grand 1934 mansion situated on two of the larger lots, offering potential for renovation or demolition leveraging potential historic tax credits. The property boasts a majestic oak alley and mature cypress trees, providing a picturesque setting. Convenient access to the Crescent City Connection enhances its appeal. Saux Lane, currently unpaved, has received approval for purchase from the city. This property offers substantial potential for residential development. Note that this property may be purchased as part of a portfolio package with 2068 Farragut Street for a combined price of $890,000.