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600 Orange st 1.24 Acres of Commercial Land Offered at $4,000,000 in New Orleans, LA 70130
Executive Summary
Offered for sale for the first time in over 50 years, this ±1.25-acre MU-2 zoned urban infill development site is located in the heart of the Lower Garden District. Adjacent to the transformative 40-acre River District development—planned to include new housing, retail, office, hospitality, entertainment, green space, and over $1 billion in projected economic impact—the property is well suited for multifamily, commercial, industrial, or mixed-use redevelopment.
The site is priced significantly below a recent appraisal and features approximately ±320’ of frontage along Religious Street, ±190’ along Orange Street, and ±160’ along Richard Street. The permissive MU-2 zoning allows for a wide range of uses including office, retail, warehousing, fast food, manufacturing, multifamily development, etc.
Located minutes from Downtown New Orleans, the property is in close proximity to The Commissary, the new Shell headquarters, Mardi Gras World, the Ernest N. Morial Convention Center, Race & Religious, and numerous other restaurants, attractions, and destinations throughout the LGD and surrounding neighborhoods.
The site is priced significantly below a recent appraisal and features approximately ±320’ of frontage along Religious Street, ±190’ along Orange Street, and ±160’ along Richard Street. The permissive MU-2 zoning allows for a wide range of uses including office, retail, warehousing, fast food, manufacturing, multifamily development, etc.
Located minutes from Downtown New Orleans, the property is in close proximity to The Commissary, the new Shell headquarters, Mardi Gras World, the Ernest N. Morial Convention Center, Race & Religious, and numerous other restaurants, attractions, and destinations throughout the LGD and surrounding neighborhoods.
Property Facts
| Price | $4,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.24 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | MU-2 | ||
| Price | $4,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.24 AC |
| Opportunity Zone |
Yes |
| Zoning | MU-2 |
1 Lot Available
Lot 41221021
| Price | $4,000,000 | Lot Size | 1.24 AC |
| Price Per AC | $3,221,415.97 |
| Price | $4,000,000 |
| Price Per AC | $3,221,415.97 |
| Lot Size | 1.24 AC |
MU-2 Zoned Commercial Development Site in Lower Garden District
1 1
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1-01-1-016-03 | Improvements Assessment | $0 |
| Land Assessment | $108,180 | Total Assessment | $108,180 |
Property Taxes
Parcel Number
1-01-1-016-03
Land Assessment
$108,180
Improvements Assessment
$0
Total Assessment
$108,180
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600 Orange st
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