5931-61 BULLARD Avenue, New Orleans, LA 70128
$7,100,000
Property Type:
Comm Bldg Sale/Lease
Square Footage:
66,500
Status:
Active
Current Price:
$7,100,000
List Date:
12/30/2025
Last Modified:
2/24/2026
Listing Details MLS# NO2536092
Listing Info
- For Sale
- Yes
- Delayed Marketing
- No
- Listing Price
- 7100000
- List Price/SqFt
- 106.77
- Modification Timestamp
- 2026-02-24T22:23:04Z
- Photo Modified
- 2026-01-30T20:03:48Z
Location Tax Legal Info
- Street Number
- 5931-61
- Street Name
- BULLARD Avenue
- Parish
- Orleans
- State
- LA
- Zip Code
- 70128
- Tax Assessment Number
- 701285931,5941,5951,5961B
- Zone
- comm
- Directions
- Bounding Streets: Lake Forest Blvd, Levy Road
General Property Description
- Lot Dimensions
- 756x400
- SqFt - Total
- 66500
- SqFt - Source
- Appraiser
- Stories
- Yes
- Elevator
- No
- Acreage Range
- 0 - 0.5
- Load Dock?
- No
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 56557875
- Originating System Listing ID
- 2536092
- Originating System Name
- ROAM Matrix
Sale/Lease Info
- Lease Purchase
- Yes
Remarks & Misc
- Remarks
- Opportunity Knocks -- Positioned for Growth in New Orleans East Location isn't just important -- it's everything. This rare, large-scale income-producing asset sits in the heart of a rapidly developing corridor in New Orleans East, surrounded by new construction and ongoing redevelopment that continues to elevate the area's long-term trajectory. This is more than stabilized income -- it's a strategic value-add play with measurable upside. Investment Highlights: Strong in-place income with rents currently below market, creating immediate revenue lift potential Clear value-add pathway through strategic rent adjustments and operational efficiencies Three to five additional plots with road frontage included, offering expansion, redevelopment, or future build-out opportunities Positioned in a growth corridor with visible reinvestment momentum Potential to exceed $1M+ in annual gross income with targeted updates and repositioning Designed for experienced investors who recognize scalable opportunity and understand performance metrics This asset offers both stability and scalability -- cash flow today with tangible pathways for appreciation tomorrow. Additional Information: Appraisal available with verified purchase structure Motivated seller -- all serious offers considered Showings by appointment only (24-48 hours advanced notice required) Do not disturb tenants Proof of funds required prior to showing Strategic positioning today can translate into outsized returns tomorrow
More Information
Office/Member/Contract Info
- List AOR
- NOMAR
Property Type
- Shopping Center
- Yes
Parking
- Parking Lot
- Yes
Construction
- Frame
- Yes
Landlord Pays
- Building Insurance
- Yes
- Property Taxes
- Yes
Financing
- Lease Purchase
- Yes
Property Features
Property Type:
Shopping Center
Construction:
Frame
Landlord Pays:
Building Insurance; Property Taxes
Parking:
Parking Lot
Financing:
Lease Purchase
IDX
Listing Office:
Anthony Posey Properties, Inc
Last Updated: February - 24 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.