$995,000
$104K PRICE DROP

5300 Franklin Ave New Orleans, LA 70122

Gentilly Terrace Neighborhood

Estimated payment $5,421/month

Total Views 642
0.73 Acre
$1,355,586 Price per Acre
31,973 Sq Ft Lot

Highlights

  • 0.73 Acre Lot
  • Corner Lot
  • 4-minute walk to Gentilly Terrace Park

About This Lot

OWNER FINANCING. Prime vacant commercial lot ready for development on Franklin Ave. (Includes 5300/5324/5328/5332 Franklin Ave and 2549/2553 Dreux Ave). S-B1 zoning allows for many permitted and conditional uses including a bank, restaurant, medical/dental clinic and gas station. Obtain a total of 287 frontage feet on Franklin Ave (~36,907 Total SF). Great development opportunity.

Link for zoning details:

Listing Agent

Chris Talbot

Talbot Realty Group License #000075986 Listed on: 07/29/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,444

Lot Details

  • 0.73 Acre Lot
  • Corner Lot
  • Oversized Lot
  • Zoning described as S-B1

Location

  • City Lot

Community Details

  • Gentilly Terrace Subdivision

Listing and Financial Details

  • Legal Lot and Block Multi / 81
  • Assessor Parcel Number 38W408204

Property Details

Property Type

Land

Est. Annual Taxes

$1,444

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.734
  • Lot Size: 31,986 SF
  • Co List Office Mls Id: TALB01
  • Subdivision Name: Gentilly Terrace
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Corner Lot, City Lot, Oversized Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Commercial
  • Parcel #: 38W408204
  • Zoning Description: S-B1
  • Zoning: S-B1

Tax Info

  • Tax Block: 81
  • Tax Lot: Multi

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,444 $10,940 $10,940 $0
2024 $1,466 $10,940 $10,940 $0
2023 $718 $5,100 $5,100 $0
2022 $718 $5,100 $5,100 $0
2021 $734 $5,100 $5,100 $0
2020 $741 $5,100 $5,100 $0
2019 $1,286 $8,510 $8,510 $0
2018 $1,311 $8,510 $8,510 $0
2017 $1,252 $8,510 $8,510 $0
2016 $1,292 $8,510 $8,510 $0
2015 $1,265 $8,510 $8,510 $0
2014 -- $8,510 $8,510 $0
2013 -- $8,510 $8,510 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $1,099,000 -- --
Source: ROAM MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $150,000 Construction
Source: Public Records

Source: ROAM MLS

MLS Number: 2514308

APN: 3-8W-4-082-04

Louisiana Orleans Parish New Orleans 70122 Gentilly Terrace

5300 Franklin Ave, New Orleans, LA

This home is located at 5300 Franklin Ave, New Orleans, LA 70122 and is currently priced at $995,000. 5300 Franklin Ave is a home located in Orleans Parish with nearby schools including Audubon Gentilly, Pierre A. Capdau Charter School, and Pierre A. Capdau Charter School at Avery Alexander.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Chris Talbot
Listing Agent
Chris Talbot
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Talbot Realty Group
(504) 353-7896