1912 L B Landry Ave - Schools FOR SALE


New Orleans, LA 70114- Whitney
$1,995,000 USD
504-319-1452
1912 L B Landry Ave, New Orleans, LA for Sale
$1,995,000 USD
Schools - FOR SALE
1/1
null | Request Cap Rate

1912 L B Landry Ave
New Orleans, LA 70114
Whitney


HIGHLIGHTS

  • ±3.15-acre site with ±46,407 SF existing structure suitable for creative adaptive reuse or redevelopment.
  • Located in the Algiers area, offering immediate access to the Crescent City Connection and Downtown New Orleans.
  • Situated within an Opportunity Zone, supporting layered tax benefits and long-term investor upside.

OVERVIEW

This rare full city-block redevelopment opportunity is positioned in the Algiers submarket of New Orleans, minutes from the Crescent City Connection and Downtown. Spanning ±3.15 acres with an existing ±46,407 SF historic structure, the property offers broad potential for adaptive reuse or ground-up redevelopment. Current zoning spans C – Commercial and S-RM1 Suburban Multifamily Residential, with a future land use designation of Mixed-Use Low Density. This combination supports diverse residential, institutional, or community-focused redevelopment strategies. The property benefits from prominent visibility along L.B. Landry Avenue and Wall Boulevard, multiple ingress/egress points, and strong accessibility to major transportation corridors. This asset is individually listed on the National Register of Historic Places, making it eligible for Federal (20%) and Louisiana State (up to 25%) Historic Tax Credits, with Part 2 approval already secured. The location also qualifies as an Opportunity Zone, creating additional layers of tax-advantaged redevelopment potential. Seller conceptual plans for a 44-unit multifamily program—including community spaces and flexible amenity areas—are available to guide development visioning. This is an unparalleled chance to unlock a scalable, incentive-rich project in one of New Orleans’ most connected neighborhoods.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.12 AC

LAND SF

135,742 SF

ZONING

S-RM1

APN/PARCEL ID

5-13-4-015-06

ASK ABOUT THIS PROPERTY

Chris TalbotTalbot Realty GroupMore Info
504-319-1452

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Chris TalbotTalbot Realty GroupMore Info
504-319-1452

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.