Description

This prime development opportunity is located just one block from Ochsner Hospital at the corner of Jefferson Highway and Causeway Boulevard. The property consists of 10 contiguous lots and currently generates a gross annual income of $124,900 from nine apartment units, one lot rental, and a billboard lease. With 157 feet of frontage on Jefferson Highway and additional rear access via Hawkston Street, the site is well positioned for medical or office redevelopment. Spanning approximately 0.59 acres and zoned for commercial use, this well-maintained asset offers flexibility for both investors seeking stable income during a hold period and owner-users or developers looking for immediate redevelopment potential. Showings are by appointment only, and tenants should not be disturbed.