5121 Canal Boulevard

New Orleans LA 70124

Land

Currently for sale - view listing

Overview

Vacant land on Canal Blvd in Mid City, New Orleans, zoned S-LB2 available for sale. The property is improved with pavement across the whole parcel. The site has a billboard lease on the property for the next 3 years, currently paying $800/month. Additionally, U-Park is utilizing the property on a rev-share basis, generating $12,000/year in income for ownership. The property is ripe for development or works as a covered land play utilizing the existing income in place until future development is desired.