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Listed byAnthony Posey Properties, Inc • Anthony L Posey • 504-595-8000
$ 6,800,000
Est. payment /mo
Active
5931-61 BULLARD AVE New Orleans, LA 70128
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2536092
HOA Y/N No
Year Built 2008
Lot Dimensions 756x400
Property Sub-Type Commercial
Source ROAM MLS
Property Description
Opportunity Knocks — Positioned for Growth in New Orleans EastLocation isn't just important — it's everything. This rare, large-scale income-producing asset sits in the heart of a rapidly developing corridor in New Orleans East, surrounded by new construction and ongoing redevelopment that continues to elevate the area's long-term trajectory. This is more than stabilized income — it's a strategic value-add play with measurable upside. Investment Highlights:Strong in-place income with rents currently below market, creating immediate revenue lift potentialClear value-add pathway through strategic rent adjustments and operational efficienciesThree to five additional plots with road frontage included, offering expansion, redevelopment, or future build-out opportunitiesPositioned in a growth corridor with visible reinvestment momentumPotential to exceed $1M+ in annual gross income with targeted updates and repositioningDesigned for experienced investors who recognize scalable opportunity and understand performance metricsThis asset offers both stability and scalability — cash flow today with tangible pathways for appreciation tomorrow.Additional Information:Appraisal available with verified purchase structureMotivated seller — all offers consideredShowings by appointment only (24–48 hours advanced notice required)Do not disturb tenantsSeller will consider contribution to buyers down payment or loan reduction Strategic positioning today can translate into outsized returns tomorrow
Location
State LA
County Orleans
Zoning comm
Interior
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Natural Gas Available
Garage No
Building
Water Public
New Construction No
Others
Tax ID 701285931,5941,5951,5961BULLARDAV
Virtual Tour https://listings.goodbonesphotography.com/sites/qnnzwgk/unbranded
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