For Sale
$737,195

2020 Farragut StNew Orleans, LA 70114

3.62 Acres, Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 3.62-acre parcel at 2020 Farragut St, New Orleans, LA 70114 (APN 513505409|1) presents a unique development opportunity. Priced at $737,195 ($273,204/acre), the land is already plotted for sixteen 25' x 118' lots on Farragut Street and eight 48' x 179.50' lots facing Saux Lane. A significant feature is a grand 1934 mansion situated on two of the larger lots, offering potential for renovation or demolition leveraging potential historic tax credits. The property boasts a majestic oak alley and mature cypress trees, providing a picturesque setting. Convenient access to the Crescent City Connection enhances its appeal. Saux Lane, currently unpaved, has received approval for purchase from the city. This property offers substantial potential for residential development. Note that this property may be purchased as part of a portfolio package with 2068 Farragut Street for a combined price of $890,000.

Highlights

  • 3.62-acre development site in New Orleans, LA.
  • Priced at $737,195 ($273,204/acre).
  • Zoned for 24 lots (16 on Farragut St, 8 on Saux Lane).
  • Features a 1934 mansion with potential historic tax credits.
  • Mature landscaping including oak alley and cypress trees.
  • Convenient access to Crescent City Connection.

Property Details for 2020 Farragut St

Property type
Land
Lot Size (sq. ft)
157,687 SF

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9338672
Longitude
-90.0338016
2020 Farragut St, New Orleans, Louisiana

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2020 Farragut St
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