1912 L B Landry Ave 46,407 SF Specialty Building Offered at $1,995,000 in New Orleans, LA 70114

This rare full city-block redevelopment opportunity is positioned in the Algiers submarket of New Orleans, minutes from the Crescent City Connection and Downtown. Spanning ±3.15 acres with an existing ±46,407 SF historic structure, the property offers broad potential for adaptive reuse or ground-up redevelopment.
Current zoning spans C – Commercial and S-RM1 Suburban Multifamily Residential, with a future land use designation of Mixed-Use Low Density. This combination supports diverse residential, institutional, or community-focused redevelopment strategies. The property benefits from prominent visibility along L.B. Landry Avenue and Wall Boulevard, multiple ingress/egress points, and strong accessibility to major transportation corridors.
This asset is individually listed on the National Register of Historic Places, making it eligible for Federal (20%) and Louisiana State (up to 25%) Historic Tax Credits, with Part 2 approval already secured. The location also qualifies as an Opportunity Zone, creating additional layers of tax-advantaged redevelopment potential. Seller conceptual plans for a 44-unit multifamily program—including community spaces and flexible amenity areas—are available to guide development visioning. This is an unparalleled chance to unlock a scalable, incentive-rich project in one of New Orleans’ most connected neighborhoods.