Jefferson Hwy Development Opportunity — Sale in Jefferson, LA

  • Price: $1.1M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Jefferson, LA 70121
  • Size: 6,630 SF

Investment Figures

Price per square foot
$166
Price per unit
$122,233 across 9 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Prime development opportunity located just 1 block from Ochsner Hospital at the corner of Jefferson & Causeway. The property is comprised of 10 contiguous lots and includes nine apartment rentals, one lot rental and one billboard rental for gross annual income of $124,900. The property is ideally situated for a medical or office redevelopment opportunity with 157 ft frontage on Jefferson Hwy and rear access through Hawkston St. This well-maintained asset is well suited for investors seeking steady returns while in a hold period or seeking immediate redevelopment opportunities. Showings are by appointment only. Please do not disturb the tenant. Building SF: 6630 | Land Size: 0.59 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Jefferson, LA is listed for sale at $1,100,099 across 6,630 SF. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Jefferson, LA — view the full market.

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