Property summary
This exceptional 67,000 sq ft commercial land parcel in Marrero, Louisiana, presents a remarkable redevelopment opportunity. Located on the Westbank Expressway with frontage on Garden Road, this former hotel site offers a nearly blank slate for your vision. While pilings and existing parking lots remain (condition to be assessed by buyer), the property is ready for immediate development. Boasting an average daily traffic count of approximately 77,000 vehicles, this C2-zoned lot includes a servitude for Westbank Expressway access. A survey is available. Conveniently situated approximately 10 minutes from downtown New Orleans and near the elevated Westbank Expressway on-ramp, this property offers significant potential. An added benefit includes five adjacent residential lots (R1A zoning) available for purchase as a package. This is a high-traffic, high-visibility location ideal for a variety of commercial ventures. The asking price is $800,000.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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