5931-61 BULLARD Avenue, New Orleans, LA 70128 (MLS# NO2536092)

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

Description

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

Supplements: ********

More Information MLS# NO2536092

Listing Info

Delayed Marketing: No For Sale: Yes List Price/SqFt: 106.77 Status: Active Listing Date: 2025-12-30 Listing Price: 7100000 Current Price: $7,100,000 Modification Timestamp: 2026-02-24T22:23:04Z Photo Modified: 2026-01-30T20:03:48Z

General Property Description

Lot Dimensions: 756x400 Stories: 1 SqFt - Total: 66500 SqFt - Source: Appraiser Acreage Range: 0 - 0.5 Elevator: No Load Dock?: 0

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

Office/Member/Contract Info

List AOR: NOMAR

Property Type

Shopping Center: 1

Parking

Parking Lot: 1

Construction

Frame: 1

Landlord Pays

Building Insurance: 1 Property Taxes: 1

Financing

Lease Purchase: 1

Originating Details

Originating System ID: ROAMM Originating System Key: 56557875 Originating System Listing ID: 2536092 Originating System Name: ROAM Matrix

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

Property Features

Property Type: Shopping Center Construction: Frame Landlord Pays: Building Insurance; Property Taxes Parking: Parking Lot Financing: Lease Purchase
Listing Office: Anthony Posey Properties, Inc
IDX
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.