3401 Tulane Ave New Orleans, LA 70119

This exceptional three-story, 10,830 square foot mixed-use building is situated on a 4,356 square foot lot at the highly visible intersection of Tulane Avenue and Norman C. Francis Parkway in New Orleans' Mid-City neighborhood. The property, originally constructed in the 1940s, boasts a prime location along a major corridor connecting the Central Business District and BioMedical District to Metairie, offering excellent accessibility and high visibility. Its strategic position is further enhanced by proximity to I-10 and Airline Drive (approximately half a mile away), and a vibrant surrounding area featuring numerous restaurants and retail establishments, including upcoming developments. Currently, the ground floor houses two retail tenants, Russell's Cleaners and Poree's Embroidery. The upper two floors, totaling 7,220 square feet of shell space, present a significant redevelopment opportunity for multifamily or office use. The building is pre-approved for both State and Federal historic tax credits, offering substantial potential for cost savings and investment returns. The asking price is $975,000, translating to $90.03 per square foot. The property is zoned MU-1 and is offered under a NNN lease structure with multiple tenants. This presents a unique chance to acquire a well-located, historic building with significant upside potential in a rapidly growing area.