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HU-MU Vacant Land for Sale

8301 Olive St, New Orleans, LA 70118

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Overview

Current owner had plans to develop a BREWERY at this land site and was able to obtain tax credits and had plans drawn up which could be made available. Former buildings on site had been demolished and cleared to allow for construction to begin. Great land site at the former Hollygrove Market. Zoned HU-MU and in an Opportunity Zone. With 10 grandfathered parking spaces, the next development will be eligible for tax credits associated with these zones. Additionally a project can potentially be eligible for the restoration tax abatement program as well as Louisiana New Market Tax Credits. Phase 1 has been completed with no Phase 2 necessary. Seller willing to owner finance.

For Sale

Land
Industrial
Sale Price
$599,000
Price Per Acre
$753.5K/ac
Building Size
30,050 SF
Acres
0.795 ac
Zoning
HU-MU
Submarket
Greater New Orleans
Nearest MSA
New Orleans-Metairie
Property Status
Existing
In Opportunity Zone
Yes
Parish
Orleans
Listed
03/11/2024
Updated
02/19/2026
Listing ID
8081da9b
Parcel APN
716410103