6141 Jefferson Hwy New Orleans, LA 70123
This exceptional 6.85-acre development site in New Orleans, Louisiana, presents a compelling investment opportunity. Located at 6141 Jefferson Hwy, Jefferson Parish, zip code 70123 (APN 3129771), this property boasts M-1 zoning, permitting both industrial and residential development. Its strategic location offers unparalleled access to major thoroughfares, including easy connectivity to the H.P. Long bridge (West Bank access) and I-10 via Clearview Parkway. The site is situated in a vibrant commercial/retail area, proximate to established businesses such as Walmart and the Elmwood Shopping Complex. The property's high visibility is further enhanced by its future hard-corner location at the intersection of Jefferson Highway and Dickory Avenue (upon completion of the road connection). Phases 1 and 2 of a 3-phase development plan are already complete, providing a solid foundation for future construction. The asking price is $5,818,527. This represents a significant price reduction, making this an attractive opportunity for developers seeking a prime location with substantial upside potential in a thriving New Orleans market. The property's size and zoning flexibility offer a wide range of development possibilities, catering to diverse project needs. This is a rare chance to acquire a substantial parcel of land in a high-demand area.
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.
Costs & Benchmarks
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.