3101 Tulane Avenue

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3101 Tulane Avenue

New Orleans, LA 70119
Asking Price
$3.90M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The site consists of commercial land located at 3101 Tulane Avenue.
  • This New Orleans property is currently available for purchase.
  • The asking price for the parcel is set at $3,900,000.
  • The land is positioned for potential commercial development or business use.
  • The location offers direct access to key transportation routes in Louisiana.

What's Special

Developers seeking a strategic location for commercial expansion will find 3101 Tulane Avenue a viable site for new construction. This land asset, situated in New Orleans, provides a footprint suitable for a range of commercial applications near the heart of the city. The property occupies a position within a well-traveled corridor, offering visibility and accessibility within the regional infrastructure. Proximity to major transport routes ensures connection to the broader Gulf Coast economy, which remains a hub for hospitality, maritime logistics, and healthcare development. New Orleans continues to experience steady demand for infill projects that serve both the local residential population and the robust tourism sector. Investors may consider various build-to-suit configurations to maximize the utility of this parcel given its urban context. With its placement in a historically active submarket, the site represents a practical option for businesses looking to establish or grow their footprint in Louisiana.

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NOI
$80,000
Cap Rate
2.05%
DSCR
0.35
Underwater
Cash-on-Cash
-12.95%
Monthly Payment
$19,295.072
Annual Cash Flow
$-151,540.865

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