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Historic Mixed-Use Redevelopment Opportunity in Mid-City

3401 Tulane Ave New Orleans, LA 70119

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Overview

This high-visibility, three-story building is located at the signalized intersection of Tulane Avenue and Norman C. Francis Parkway in Mid-City. The 4,356-sf site commands a well-traveled corner along a corridor from the Central Business District and BioMedical District to Metairie. It is approximately half a mile from the property to I-10 and Airline Drive. The area is easily accessible and has multiple restaurants, retail centers, and upcoming retail developments. Originally built in the 1940s, the building may qualify for historic tax credits. It currently has two tenants, Russell’s Cleaners and Poree’s Embroidery, occupying the ground floor retail spaces. The second and third floors are shell space, primed for redevelopment for multifamily or office use, and total 7,220 rsf. The building is pre-approved for both State and Federal historic tax credits. Pre-approval documentation is located below.

For Sale

Multifamily
Sale Price
$849,000
Price Per SF
$78.4/SF
Building Size
10,830 SF
Acres
0.11 ac
Zoning
MU-1
Building Class
B
Max Contiguous
10,830
Number of Buildings
1
Floors
3
Construction Siding
Brick
Construction Type
Masonry
Submarket
Greater New Orleans
Property Status
Existing
In Opportunity Zone
Yes
Office SF
9,381 SF
County
Orleans Parish
Created
2023-08-01
Updated
2025-05-08
Listing ID
3fe2bbab
Parcel APN
105300501