Rare Development Opportunity on Bayou St. John

Appraised for $1,150,000 in 2023. An extremely rare opportunity to develop a mixed use development on historic Bayou St John in New Orleans. This is THE only commercial development site available. There hasn't been another commercial or mixed use opportunity in almost two decades. The location has a 1200 sq/ft structure that operated as a neighborhood auto repair business for the last 48 years. There's an existing billboard on the property, managed by Outfront Media, lease attached. The contract has been in place since 2000 and renews annually. All underground tanks of this former gas station were removed in the 90's and environmental work was done at that time. The disposition paperwork is attached to the listing. This property is adjacent to Parkway Bakery, located at the intersection of Bayou St. John and the Lafitte Greenway. Please visit 519Hagan.com for documents needed for due diligence and guidance.

Appraisal and Phase II environmental available upon request. Clean bill of health.