For Sale
$6,700,000

601 Galvez StNew Orleans, LA 70119

82,300 SF Distribution Center

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 82,300-square-foot industrial property, located at 601 South Galvez Street in New Orleans, Louisiana, presents a significant investment opportunity. Built in 2006, this two-building complex sits on a 2.85-acre lot and is zoned MU-2. The property features seven dock-high loading doors, providing efficient access for distribution operations. Approximately 12,000 square feet is dedicated to office/showroom space, currently in varying states of repair. A portion of the warehouse (approximately 17,500 square feet) is currently leased to Grainger, with the lease transferring to the buyer. The warehouse boasts partial climate control and a fully sprinklered system. Its strategic location at the corner of South Galvez and Poydras Streets offers easy access to Mid-City, the Central Business District, and the French Quarter, making it ideal for storage and distribution. The land value is $81.41 per square foot. The asking price for this turnkey operation is $6,700,000. Property APN is 104105103.

Highlights

  • 82,300 SF industrial property in New Orleans, LA.
  • 2.85-acre lot, zoned MU-2.
  • Seven dock-high loading doors.
  • ~12,000 SF of office/showroom space.
  • ~17,500 SF leased to Grainger (lease assignment to buyer).
  • Partial climate control and sprinkler system.

Property Details for 601 Galvez St

Property type
Warehouses, Industrial properties
Square Feet
82,300 SF
Year Built
2006
Buildings
2
Stories
1
Lot Size (sq. ft)
124,146 SF

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9568174
Longitude
-90.0880977
601 Galvez St, New Orleans, Louisiana

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601 Galvez St
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