Commercial Land
123 South Broad Avenue New Orleans, LA 70119
Details & Description
Price: $575,000
    The property is 11,957 square foot subject of land comprised of two lots of 31? 3” X 191? located in an Opportunity Zone in the bio-medical district, and a great redevelopment site right off of Canal and Broad Street available for sale. The immediate area surrounding the property includes the iconic Canal streetcar line, as well as a Whole Foods just three blocks up on Broad Avenue. Zoned as HU-MU, the property is well suited to accommodate new development of office space, retail, short term rentals, multi-family dwellings, animal hospital, catering kitchen, financial institution, health club, medical/dental clinic, microbrewery, public market, restaurant, and artisan manufacturing. As the property is in an Opportunity Zone, which aims to increase investment and revitalize communities, benefits of investing include the ability to defer the payment of your capital gains until Dec 31, 2026, reducing the tax you owe by up to 15% after 7 years, and paying zero tax on gains earned from the Opportunity Fund.For further listing details, please contact Cameron Griffin (504.582.9250), or Seph Babington (504.352.5238)
    Property ID:    218066
    Property URL: melqr.com/218066
    Generated:    04-23-24
    Listing Agents
    Cameron Griffin
    The McEnery Company
    O: 843-754-7580
    cameron@mcenryco.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Commercial Land / Louisiana / New Orleans / 70119 / 123 South Broad Avenue

    123 South Broad Avenue

    New Orleans, LA 70119

    Listing ID: 218066
    Print Single-Page Version
    • 123 South Broad Avenue New Orleans, LA 70119 | for Sale | Photo 1
    • 123 South Broad Avenue New Orleans, LA 70119 | for Sale | Photo 2
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    123 South Broad Avenue | for Sale | Thumbnail 2
    123 South Broad Avenue | for Sale | Thumbnail 3
    Building Size: --
    Lot Size: 0.274 AC
    Land Size: 11,957 SF
    Building $/SF:
    Land $/SF: $48.09
    Price
    $575,000
    Description

    The property is 11,957 square foot subject of land comprised of two lots of 31? 3” X 191? located in an Opportunity Zone in the bio-medical district, and a great redevelopment site right off of Canal and Broad Street available for sale. The immediate area surrounding the property includes the iconic Canal streetcar line, as well as a Whole Foods just three blocks up on Broad Avenue. Zoned as HU-MU, the property is well suited to accommodate new development of office space, retail, short term rentals, multi-family dwellings, animal hospital, catering kitchen, financial institution, health club, medical/dental clinic, microbrewery, public market, restaurant, and artisan manufacturing. As the property is in an Opportunity Zone, which aims to increase investment and revitalize communities, benefits of investing include the ability to defer the payment of your capital gains until Dec 31, 2026, reducing the tax you owe by up to 15% after 7 years, and paying zero tax on gains earned from the Opportunity Fund.

    For further listing details, please contact Cameron Griffin (504.582.9250), or Seph Babington (504.352.5238)

    Attachments & Files
    123-s-broad-st-omcompressed-THa-Rpj.pdf

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New Orleans History of Commercial Land for Sale

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    New Orleans Area Market Trends

    Listing Demographics for 123 South Broad Avenue New Orleans, LA 70119

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population22,862191,957381,588
    Population Median Age363940
    Population by Age0-9 Yrs1911 (8%)18683 (9%)40364 (10%)
    10-19 Yrs1792 (7%)18058 (9%)36486 (9%)
    20-29 Yrs5570 (24%)33797 (17%)57926 (15%)
    30-39 Yrs5233 (22%)33985 (17%)64160 (16%)
    40-49 Yrs2694 (11%)22602 (11%)46255 (12%)
    50-59 Yrs2697 (11%)24727 (12%)50608 (13%)
    60-69 Yrs1854 (8%)22649 (11%)47439 (12%)
    70+ Yrs1110 (4%)17456 (9%)38349 (10%)
    Median HH Income$36,414$43,611$47,496
    Total Household Income< 24K3209 (37%)26487 (33%)47503 (29%)
    25-49K2083 (24%)17327 (21%)35138 (22%)
    50-74K1044 (12%)10834 (13%)23790 (14%)
    75-99K655 (7%)7135 (8%)15673 (9%)
    100-199K1092 (12%)12280 (15%)25255 (15%)
    200K+403 (4%)5919 (7%)11818 (7%)
    Highest Education LevelNo Diploma32921994335873
    Diploma or GED36672725662519
    Some College30292669855617
    Assoc. Degree663582612958
    Bachelors Degree37833494664924
    Higher Degree22682637249146
    Total Housing Units11,068105,745198,276
    --Owner-Occupied2,36533,93478,241
    --Renter-Occupied6,12146,04780,937
    Owner-Occupied Values< 100K11529217646
    100-199K431672919630
    200-299K539672716988
    300-399K551569411414
    400-499K34641187040
    500K+382774615524
    Total Working Age Population20,165163,620319,850
    In Work Force11,154103,456201,494
    Not In Work Force9,01260,163118,355
    Workforce Employed10,39795,382186,790
    Workforce Unemployed7227,80813,949
    Civlian Workforce11,119103,189200,739
    Military Workforce35267755
    Total Households8,48679,981159,177
    Family Households2,93732,99173,915
    Non-Family Households5,54846,99185,262
    Married Couple1,54519,30046,270
    Other Family1,39313,69127,645
    Married w/Child5606,07315,359
    Single Male w/Child991,0812,387
    Single Female w/Child6195,25110,502

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Louisiana4,468,976+14,533,372+14,588,310+54,813,420
    Jefferson Parish455,466-5432,552+4450,200+1454,670
    Lafourche Parish89,974+796,318095,990095,990
    Orleans Parish484,674-29343,829-26255,4400256,010
    Plaquemines Parish26,757-1423,042+1225,770+1329,130
    St. Bernard Parish67,229-4735,897-3822,210+122,480
    St. Charles Parish48,072+1052,780+1057,930+560,580
    St. John the Baptist Parish43,044+745,924+2557,410+1365,110

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 123 South Broad Avenue in New Orleans?
    The asking price for 123 South Broad Avenue is $575,000
    How much land does the New Orleans, LA property at 123 South Broad Avenue include?
    123 South Broad Avenue in New Orleans includes 0.274 acres of land
    What kind of Land is the propery at 123 South Broad Avenue?
    The property at 123 South Broad Avenue New Orleans, LA 70119 is listed as a Mixed Use Land Land property
    What is the population within 1 mile of 123 South Broad Avenue in New Orleans?
    The population within 1 mile of 123 South Broad Avenue New Orleans, LA 70119 is 22,862 people.
    Who do I contact for questions about 123 South Broad Avenue?
    You should contact the listing agent, Cameron Griffin, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Louis Armstrong New Orleans International Airport (MSY) 10
    Gulfport Biloxi International Airport (GPT) 68
    Lafayette Regional Airport (LFT) 115
    Price
    $575,000
    Listing Agent
    Cameron Griffin - CRE Agent at The McEnery Company

    Cameron Griffin

    The McEnery Company

    CONTACT AGENT

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