1925 Julia StNew Orleans, LA 70113

Property Details for 1925 Julia St

Year built

1960

Lot size

0.23 AC

Property size (Sq ft)

15,168 SF

Property type

Showrooms

APN

103107902

APU

103107902

Description

This exceptional industrial property, ideally situated near the Superdome, offers a unique opportunity for businesses seeking warehouse and yard space. The property encompasses a total of 12,688 square feet, distributed across two single-story buildings on a 19,414 square foot lot. One building is a 4,488 square foot warehouse featuring an office and bathroom, providing functional workspace. The second building offers 8,200 square feet of open-faced warehouse space, perfect for covered storage or various operational needs. The property boasts a 14-foot ceiling height, enhancing storage capacity and maneuverability. Two drive-in doors provide convenient access for loading and unloading. The property is fully fenced, ensuring security and privacy. Located in the HI, Heavy Industrial District, and easily accessible via N. Prieur Street, this location offers excellent proximity to the downtown area, making it suitable for transportation companies, small distribution firms, or businesses requiring ample warehouse and storage space. The property was renovated in 2018, reflecting its well-maintained condition. Net, Net, Net (NNN) charges are $1,428.98 per month. This is a single-tenant property, offering exclusive use of the entire space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,535,885

  6.5%

  $3,263,894

  7%

  $3,030,759

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,915,712

  Geo Method

  $2,717,299

• Alternative Use

  Use

  Valuation

  Residential

  $2,753,217

  Hospitality

  $2,521,932

  Educational

  $2,098,218

  Medical

  $2,170,378

  Retail

  $3,263,894

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9533

Longitude

-90.0868

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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