Industrial Properties - For Sale
16500 Chef Menteur Highway New Orleans, LA 70129
Details & Description
Call for Pricing
  • Property Type Industrial for Sale : Manufacturing
  • Lot Size Acres 0.689
  • Building Sq Ft 15,000
  • Land Sq Ft 30,000
This property is located in an Opportunity Zone, which means it's ideal for either domestic investors or international E2, L1, or EB5 investors. Bridge Foods, Inc. filed and completed Chapter 11 a few years ago. The seller is VERY MOTIVATED to sell the real estate, trademark, and equipment either as a package or separately. Listing Agent is SFR Certified, so it is the agent's professional opinion that this is the opportune time to get a good deal from the bank on the real estate. This is of particular significance with it being in an Opportunity Zone valued at $700,000 and with a remaining loan value under $600,000. A savvy investor could flip this property for a hefty tax-free profit very quickly.Please note that, for real-estate-only offers, if the intended offer is less than the total loan value plus commission, Buyer must pay portion of commission for the remaining commission due because bank will not pay and because Seller will not have any remaining funds, so a Buyer should make an offer that also takes commission into consideration.Regarding other assets, Seller will pay commission at closing.Equipment is valued at $300,000 installed in place, $150,000 if moved.Trademark (Ashanti) is arbitrarily valued at $200,000. It has been registered since 1995. Seller is willing to include recipes, nutrition labels, and image copyrights for this amount. Seller is also willing to be hired.
Listing Agents
Russell Bernstein
KW Commercial
O: 504-889-9898
M: 917-723-1985
bizrussell@kwcommercial.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.

16500 Chef Menteur Highway

New Orleans, LA 70129

Listing ID: 266405
Call for Pricing
For Sale
  • Property Type Industrial for Sale : Manufacturing
  • Lot Size Acres 0.689
  • Building Sq Ft 15,000
  • Land Sq Ft 30,000
  • 16500 Chef Menteur Highway New Orleans, LA 70129 | for Sale | Photo 1
  • 16500 Chef Menteur Highway New Orleans, LA 70129 | for Sale | Photo 2
  • 16500 Chef Menteur Highway New Orleans, LA 70129 | for Sale | Photo 3
16500 Chef Menteur Highway | for Sale | Thumbnail 1
16500 Chef Menteur Highway | for Sale | Thumbnail 2
16500 Chef Menteur Highway | for Sale | Thumbnail 3
Description

This property is located in an Opportunity Zone, which means it's ideal for either domestic investors or international E2, L1, or EB5 investors. Bridge Foods, Inc. filed and completed Chapter 11 a few years ago. The seller is VERY MOTIVATED to sell the real estate, trademark, and equipment either as a package or separately. Listing Agent is SFR Certified, so it is the agent's professional opinion that this is the opportune time to get a good deal from the bank on the real estate. This is of particular significance with it being in an Opportunity Zone valued at $700,000 and with a remaining loan value under $600,000. A savvy investor could flip this property for a hefty tax-free profit very quickly.

Please note that, for real-estate-only offers, if the intended offer is less than the total loan value plus commission, Buyer must pay portion of commission for the remaining commission due because bank will not pay and because Seller will not have any remaining funds, so a Buyer should make an offer that also takes commission into consideration.

Regarding other assets, Seller will pay commission at closing.

Equipment is valued at $300,000 installed in place, $150,000 if moved.

Trademark (Ashanti) is arbitrarily valued at $200,000. It has been registered since 1995. Seller is willing to include recipes, nutrition labels, and image copyrights for this amount. Seller is also willing to be hired.

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 Industrial Properties for Sale

New Orleans Area Market Trends

Listing Demographics for 16500 Chef Menteur Highway New Orleans, LA 70129

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 Population1638,87034,534
Population Median Age403537
Population by Age0-9 Yrs27 (16%)1651 (18%)4849 (14%)
10-19 Yrs19 (11%)1233 (13%)4542 (13%)
20-29 Yrs19 (11%)1071 (12%)4647 (13%)
30-39 Yrs22 (13%)1307 (14%)4756 (13%)
40-49 Yrs18 (11%)999 (11%)3914 (11%)
50-59 Yrs14 (8%)1031 (11%)4854 (14%)
60-69 Yrs20 (12%)876 (9%)4173 (12%)
70+ Yrs25 (15%)701 (7%)2800 (8%)
Median HH Income$18,733$29,401$33,848
Total Household Income< 24K34 (57%)1127 (45%)4622 (39%)
25-49K9 (15%)507 (20%)2638 (22%)
50-74K5 (8%)330 (13%)1482 (12%)
75-99K5 (8%)194 (7%)1050 (8%)
100-199K6 (10%)263 (10%)1556 (13%)
200K+0 (0%)35 (1%)399 (3%)
Highest Education LevelNo Diploma2716514032
Diploma or GED2718046805
Some College2413286168
Assoc. Degree81731339
Bachelors Degree154303102
Higher Degree71561766
Total Housing Units722,85613,407
--Owner-Occupied261,2867,058
--Renter-Occupied331,1704,690
Owner-Occupied Values< 100K73311044
100-199K168004095
200-299K31041061
300-399K041541
400-499K00158
500K+011159
Total Working Age Population1236,37926,766
In Work Force653,71015,635
Not In Work Force592,67011,131
Workforce Employed563,26614,077
Workforce Unemployed74321,486
Civlian Workforce633,69815,564
Military Workforce21171
Total Households592,45611,748
Family Households271,5836,759
Non-Family Households328734,989
Married Couple118223,616
Other Family167613,143
Married w/Child43131,030
Single Male w/Child2157260
Single Female w/Child93581,592

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
Orleans Parish484,674-29343,829-26255,4400256,010
St. Bernard Parish67,229-4735,897-3822,210+122,480

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.

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Closest Commercial Airports
Airport Distance (mi)
Louis Armstrong New Orleans International Airport (MSY) 23
Gulfport Biloxi International Airport (GPT) 55
Mobile Regional Airport (MOB) 108