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4240 Magnolia St - UPTOWN DEVELOPMENT SITE 0.21 Acres of Commercial Land Offered at $600,000 in New Orleans, LA 70115
Investment Highlights
- Located near Napoleon Avenue and Freret Street within a high-demand Uptown corridor.
- Within walking distance of Ochsner Baptist Medical Campus and major healthcare providers.
- HU-B1 zoning accommodates multiple development uses such as medical, office, or multifamily.
Executive Summary
4240 Magnolia Street presents a rare investment opportunity in the heart of Uptown New Orleans. The property spans approximately 9,000 square feet with HU-B1 zoning, making it highly adaptable for office, medical, multifamily, or mixed-use development. Positioned near Napoleon Avenue and Freret Street, the site delivers urban connectivity sought by developers and investors targeting one of the city’s most dynamic commercial districts.
The location benefits from strong surrounding infrastructure and recent redevelopment activity. It offers immediate proximity to Ochsner Baptist Medical Campus and is surrounded by specialty healthcare providers, hospitality concepts, and popular retail destinations including Trader Joe’s and the Freret Street corridor. Excellent access to major New Orleans thoroughfares ensures connectivity across Uptown and the CBD, while neighborhood demographics reinforce sustained demand across multiple asset classes.
This property provides investors with a compelling platform for creative redevelopment or long-term hold strategies supported by Uptown’s continued investment growth.
The location benefits from strong surrounding infrastructure and recent redevelopment activity. It offers immediate proximity to Ochsner Baptist Medical Campus and is surrounded by specialty healthcare providers, hospitality concepts, and popular retail destinations including Trader Joe’s and the Freret Street corridor. Excellent access to major New Orleans thoroughfares ensures connectivity across Uptown and the CBD, while neighborhood demographics reinforce sustained demand across multiple asset classes.
This property provides investors with a compelling platform for creative redevelopment or long-term hold strategies supported by Uptown’s continued investment growth.
Property Facts
1 Lot Available
Lot
| Price | $600,000 | Lot Size | 0.21 AC |
| Price Per AC | $2,903,993.96 |
| Price | $600,000 |
| Price Per AC | $2,903,993.96 |
| Lot Size | 0.21 AC |
9,000 SF
Description
4240 Magnolia Street in Uptown New Orleans features an approximate 9,000 SF parcel zoned HU-B1. The site is positioned close to Napoleon Avenue and Freret Street, providing direct access to medical facilities including Ochsner Baptist Medical Campus and nearby commercial services. The area includes a mix of institutional, residential, and retail uses supported by established transit routes and surrounding neighborhood density.
Exceptionally walkable
90/100
Fairly drivable
40/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6-14-3-330-11 | Improvements Assessment | $71,260 |
| Land Assessment | $18,000 | Total Assessment | $89,260 |
Property Taxes
Parcel Number
6-14-3-330-11
Land Assessment
$18,000
Improvements Assessment
$71,260
Total Assessment
$89,260
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4240 Magnolia St - UPTOWN DEVELOPMENT SITE
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