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5571 Read Blvd 0.63 Acres of Commercial Land Offered at $399,000 in New Orleans, LA 70127
Executive Summary
Prime commercial development opportunity on Read Boulevard in the heart of New Orleans East. This highly visible site offers approximately 0.6302 acres of cleared land with existing concrete paving and excellent frontage along a major commercial corridor. Surrounded by established medical, office, retail, and institutional users, the property provides outstanding access and exposure for a variety of commercial uses.
Strategically located near Interstate 10, the property benefits from strong traffic counts and convenient connectivity to downtown New Orleans, Lakefront Airport, and surrounding neighborhoods. Existing site improvements may reduce future development costs, making this an attractive opportunity for investors, developers, owner-users, medical offices, financial institutions, restaurants, or retail concepts.
Whether you're looking to develop immediately or hold for future appreciation, this site offers exceptional potential in a growing commercial market. Located in C-2 Zoning and X-500 Flood Zone
Strategically located near Interstate 10, the property benefits from strong traffic counts and convenient connectivity to downtown New Orleans, Lakefront Airport, and surrounding neighborhoods. Existing site improvements may reduce future development costs, making this an attractive opportunity for investors, developers, owner-users, medical offices, financial institutions, restaurants, or retail concepts.
Whether you're looking to develop immediately or hold for future appreciation, this site offers exceptional potential in a growing commercial market. Located in C-2 Zoning and X-500 Flood Zone
Property Facts
| Price | $399,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.63 AC |
| Property Type | Land |
| Price | $399,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.63 AC |
1 Lot Available
Lot
| Price | $399,000 | Lot Size | 0.63 AC |
| Price Per AC | $633,333.33 |
| Price | $399,000 |
| Price Per AC | $633,333.33 |
| Lot Size | 0.63 AC |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 3-9W-0-163-19 | Improvements Assessment | $0 |
| Land Assessment | $16,470 | Total Assessment | $16,470 |
Property Taxes
Parcel Number
3-9W-0-163-19
Land Assessment
$16,470
Improvements Assessment
$0
Total Assessment
$16,470
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5571 Read Blvd