Industrial Building With Land or Development Site for Sale

Address: 2431 Clio Street, fronts on Earhart Blvd and Pontchartrain Expressway, corner Freret St. Land Area: 64,895 +/- Sq. Ft. of land bounded by Pontchartrain Expressway/Earhart Boulevard, South Robertson Street, Clio Street and Freret Street. Building Data: 5,000 sq. ft. clear span, ground level warehouse built in 2009 with loading via two 12’ x 16’ overhead doors; paved/fenced yard area. Electrical service is present. Zoning: Zoned C-2 (Auto-Oriented Commercial District). Future land use development is MUM (Mixed-Use, Medium Density). Additional: Close proximity to CBD, Home Depot, Smoothie King Center and Mercedes Benz Superdome. Slab of former warehouse remains. Property is located in Louisiana Opportunity Zone, which incentivizes investors by deferring and lowering capital gains taxes, depending on length of holding period. Income: Communications Tower and Billboard provide monthly income; available upon request. Sale Price: REDUCED $975,000