1530 Allen Toussaint Blvd

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1530 Allen Toussaint Blvd

New Orleans, LA 70122
Asking Price
$1.70M
Asset Type
Restaurant Land
Class
Class B

AI Property Summary

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

  • Parcel features 39,440 square feet of development land.
  • Located at 1530 Allen Toussaint Blvd in New Orleans.
  • Property is designated for restaurant use and development.
  • Offered for sale at a price of $1,700,000.
  • Strategically positioned within the active Gentilly submarket.

What's Special

Situated in the Gentilly neighborhood of New Orleans, this land parcel occupies a strategic position within a major cultural hub known for its resilient local economy and robust culinary scene. The property spans 39,440 square feet and is zoned specifically for restaurant development, offering a versatile foundation for hospitality entrepreneurs looking to establish a presence in this historic Louisiana city. Its location on Allen Toussaint Boulevard provides significant visibility within a corridor that continues to draw both local residents and regional visitors. Developing this site allows for a custom-built facility tailored to modern dining requirements, whether for a standalone concept or a multi-tenant food destination. Given the area’s dense population and the city's continuous growth as a tourism and business destination, the site supports various hospitality business models. Investors and operators can leverage the substantial footprint to create a destination venue that complements the vibrant atmosphere of the New Orleans metro area.

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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069

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