Infill Irish Channel Development Site

Vacant Land for Sale
Also listed as Industrial, Special Purpose
Catylist Listing ID: 30214969
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail
Gross Land Area: 49,473 SF
Sale Price: $3,000,000
Unit Price: $60.64 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/27/2018

Overview / Comments

This offering presents a unique, potentially mixed use, urban infill development opportunity in the heart of the vibrant Irish Channel neighborhood. The site is the current location of the Building Specialties Company, which has operated in this location since 1947. Building Specialities will move their operations elsewhere post-sale.

The six parcel property sits in the area of the Irish Channel bounded by Tchoupitoulas & Magazine Streets, and Washington & Jackson Avenues. It measures approximately 49,473sf; 43,048sf of which is zoned Historic Urban Mixed Use (HU-MU) and the remainder of which (6,425sf) is zoned Historic Urban Two Family Residential (HU-RD2). The site has frontage on Third (164'), Second (268') and Rousseau (100') Streets, and forms the hard corner of Second and Rousseau. It features beautiful, mature trees on the Second Street side of the property. See all photos and attachments for reference.

HU-MU zoning has the following bulk & yard regulations (see full text of
zoning, attached):

-Minimum lot area per dwelling unit: 1,500sf (single family); 1,200sf (two
family); 1,000sf (multifamily); 2,000sf (townhouse); 800sf (dwelling above
ground floor); none (non-residential)

-Maximum total floor area - commercial use: 5,000sf

-Maximum building height: 35' (single family & two family); 40' & no more
than 3 stories (multifamily, townhouse & non-residential)

-Minimum permeable open space: 10%

There are four structures on the site that would need to be demolished in order to redevelop the property. Approximate total size of the structures is 22,850sf.

The site sits in proximity to the shops, boutiques, and restaurants of world famous
Magazine Street. It is likewise just a block from Tchoupitoulas Street, a major uptown-downtown thoroughfare that connects to the Pontchartrain
Expressway/Crescent City Connection and the Warehouse District/CBD. It is across Rousseau Street from the popular Tchoup Yard venue. The
Louisiana Regional Planning Commission reports average daily traffic of
19,372 on Tchoupitoulas between Jackson & Louisiana Avenues in 2012.

The property is also near the following proposed and/or underway

-Bakery Village: nearing completion 15 lot single family development at the
site of the former Turnbull Bakery complex (

-Jackson Oaks: approved mixed-use development (211 residential units +
18,000sf of commercial space) at site of former Sara Mayo hospital on
Jackson Avenue

-The Synagogue on Jackson Avenue: completed 12 residential unit
development at Jackson Avenue/Chippewa Street

-Josephine Lofts: completed 36 residential unit development at former
American Paint Works building at Jackson Avenue/Josephine Street

-Residence Josephine: completed 28 unit condominium development at intersection of St. Thomas & Josephine (

-proposed high end residential development at Belladoggie building at
Washington Avenue/Annunciation Street

A central location, dense surrounding residential neighborhood, significant
nearby development activity and lots of nearby amenities make this
development site attractive for a variety of reasons.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41043177
Zoning: HU-MU, HU-RD2
Area Description: The Irish Channel is so named because it was settled by a big wave of Irish immigrants who arrived in New Orleans in the mid 19th century. At that time, it was a new working class neighborhood. The immigrants were part of the peasant population that came to the New World to escape the devastating famine in Ireland. There were also a number of German immigrants who made the Irish Channel their home, along with a smattering of other European immigrants such as Italians, as well as some Free People of Color and Native Americans. Lots of immigrants literally got off the boat and remained in the neighborhood where they landed. And many found jobs on the docks of that same waterfront. There were many musicians from this neighborhood including all of the Original Dixieland Jazz Band. The immigrants, especially the Irish, became the laborers of the city, digging the canals, building, and working on the riverfront. The Irish Channel areas was originally part of the City Of Lafayette (incorporated 1833) which became part of New Orleans in 1852. Most all of the immigrant families and descendants - Irish and otherwise - have moved out of the neighborhood which declined after War World II. Nevertheless, the old ethnic working class neighborhood has kept up its traditions far beyond many other neighborhoods of the city. Many former residents and their descendants come back for the big traditional St. Patrick events every year, as do many New Orleanians with no connection to the Irish Channel or Ireland. Today, the Irish Channel is one of the hottest residential markets in New Orleans. With a vibrant community, numerous area amenities and a beautiful historic building stock, that trend is sure to continue.
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,428 180,124 400,274
Median Age: 36.2 36.05 36.64
Households: 12,385 75,756 163,359


Photograph of Listing Agent

Jonathan D Shaver

RE/MAX Commercial Brokers Inc Metairie, LA 70002
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.