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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
