$435,000

Development-ready mixed-use property available for acquisition at 4108–10 St. Claude Avenue. With 30 feet of frontage along the high-traffic St. Claude corridor, this distinctive property offers strong visibility and an excellent opportunity for a redevelopment project in one of the city’s most dynamic commercial districts. The offering features ±3,275 SF of existing improvements sited on ±3,600 SF of land. The property is zoned HMC-2 (Historic Marigny/Tremé/Bywater Commercial District), allowing for a multitude of uses. Property has been reviewed for historic tax credits which may provide a potential net benefit of up to 45% of eligible rehabilitation costs. See attached from Historic Pro Nola. All measurements are approximate/not guaranteed and are to be verified by the purchaser. Zoning, Overlays, and Intended Use are to be verified by the purchaser. Property to be sold in “as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents. The HMC-2 Historic Marigny/Tremé/Bywater Commercial District is intended to permit more intensive commercial uses than the HMC-1 District, yet protect the historic character of the Marigny/Tremé/Bywater area. The district includes the peripheral properties in Marigny/Tremé/Bywater that front on major traffic arteries and can provide access for more intense commercial uses. This district also allows higher residential densities when a project is providing significant public benefits such as long-term affordable housing.