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$ 800,000
Est. payment /mo
Active
316 Marina Road Chalmette, LA 70043
4.87 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID RANO2518028
Lot Size 4.870 Acres
Acres 4.87
Property Sub-Type Residential
Property Description
Calling ALL investors! Excellent development opportunity in Chalmette, LA! This 4.8-acre waterfront parcel on Bayou Bienvenue offers both strong current income and outstanding future development potential. The property currently generates $47,700 annually ($3,975/month) through an existing duplex, a fully operational bait shop, and a functional boat launch, providing immediate cash flow while you plan your next phase of development. The site is strategically positioned for expansion with multiple opportunities to unlock significant value. It offers potential for development of 12 new waterfront homes on the Chalmette Marina, as well as offering approximately 1,000 linear feet of deep-water frontage and 1.25 acres of owned water bottoms, which could be used for developing up to 24 boat slips projected to bring in an additional $10,000 per month in revenue. Also, some infrastructure is already in place to support a marine fuel dock, further enhancing the site's long-term income potential. Located inside the levee with direct access to the Gulf and Lake Pontchartrain via water, the property is just 10 minutes from downtown New Orleans via roadway and offers quick access to I-10. Combining stable rental income with exceptional development upside, this property presents a rare and lucrative investment opportunity in one of Louisiana's most desirable waterfront locations.
Location
State LA
Zoning Res/Co
Exterior
Utilities Available Electricity Available, Natural Gas Available, Phone Connected
Waterfront Description Bayou,Dock/Mooring
Others
Tax ID 40
Listed by NOLA Living Realty