For Sale
$3,000,000

503 Degravelle RdMorgan City, LA 70380

Multi-tenant warehouse, 46,800 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 46,800-square-foot multi-tenant industrial complex situated on a 15-acre lot in Morgan City, Louisiana. The property boasts four buildings, including approximately 6,000 square feet of office space and three warehouses ranging from 10,800 to 22,500 square feet. Seven dock-high doors facilitate efficient loading and unloading. The property is zoned for heavy industrial use and features approximately 800 feet of waterfront access on Bayou Boeuf. The asking price is $3,000,000, translating to $64.10 per square foot. The land value alone is estimated at $200,000 per acre. An additional 8 acres of undeveloped land across the street offers potential for future expansion. This prime location, south of Highway 182 on Degravelle Rd, in St. Mary Parish (zip code 70380), provides excellent access to transportation networks. The property's size, features, and zoning make it ideal for a variety of manufacturing and warehousing operations. The APN is 3524181001.00. This is a rare opportunity to acquire a substantial industrial property with significant waterfront access in a thriving Louisiana market.

Highlights

  • 46,800 SF of office/warehouse space on a 15-acre site.
  • 800 feet of Bayou Boeuf waterfront.
  • 6,000 SF of office space and three warehouses totaling 40,800 SF.
  • 8 acres of undeveloped land across the street.
  • Located south of Highway 182 on Degravelle Road.
  • Heavy industrial zoning.

Property Details for 503 Degravelle Rd

Property type
Warehouses, Industrial properties
Square Feet
46,800 SF
Buildings
4
Stories
1
Lot Size (sq. ft)
653,400 SF

Location Insight

City
Morgan City
County
St. Mary Parish
State
Louisiana
Latitude
29.6525687
Longitude
-91.1050149
503 Degravelle Rd, Morgan City, Louisiana

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503 Degravelle Rd
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