Historic Masonry
For Sale
Contact for pricing
Pending
1040 & 1042 Magazine Street, New Orleans, LA 70130
Climate-controlled, sprinklered facility with updated HVAC and electrical systems.
Property SizeContact for details
Days on Market142
Property Features for 1040 & 1042 Magazine Street
General Information
Standard status
Pending
Property subtype
Industrial
Listing Agency:
Coldwell Banker Commercial Sea Coast Advantage Pawleys Island
(504) 274-2701
Listed By:
Gordon McLeod · License #146925
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 8:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Sea Coast Advantage Pawleys Island
Investment Insights
Based on property information with market context.
This warehouse property combines a three-story historic masonry building of approximately 24,516 SF with an adjoining parking lot offering 24+ spaces. Built in the first quarter of the 20th century as the Jose Escalante & Co. Cigar Factory, the structure retains original floors, steel industrial windows, and ceiling heights ranging from 10 to 18 feet. A 12-foot roll-up door serves the first floor from Magazine Street, with 20' x 22' column spacing. Recent improvements include an energy-efficient membrane roof installed three years ago, along with updated HVAC and electrical systems. The building is climate controlled and fully sprinklered.
The property sits at 1040 Magazine St, directly across from the National WWII Museum and Higgins Hotel & Conference Center. It falls within the Upper Central Business District National Register Historic District, the Downtown Development District Cultural District, and a Qualified Opportunity Zone. CBD-3 Cultural Arts District permissions include Hotel, Multi-Family, Live Entertainment – Secondary Use, Reception Facility, Commercial Short Term Rental, and Standard Restaurant uses, with allowances for 10 stories and 125 feet of height. The property is eligible for State and Federal Historic Tax Credits and Opportunity Zone Tax Treatment.
The property sits at 1040 Magazine St, directly across from the National WWII Museum and Higgins Hotel & Conference Center. It falls within the Upper Central Business District National Register Historic District, the Downtown Development District Cultural District, and a Qualified Opportunity Zone. CBD-3 Cultural Arts District permissions include Hotel, Multi-Family, Live Entertainment – Secondary Use, Reception Facility, Commercial Short Term Rental, and Standard Restaurant uses, with allowances for 10 stories and 125 feet of height. The property is eligible for State and Federal Historic Tax Credits and Opportunity Zone Tax Treatment.
Key Highlights
- Three‑story warehouse building totaling approximately 24,516 SF
- Adjacent parking lot with 24+ spaces
- Historic masonry construction with original floors and steel industrial windows
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,723
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled, sprinklered facility with updated HVAC and electrical systems.
Where is this warehouse located?
The property is located at 1040 & 1042 Magazine Street New Orleans, LA.
What are key features of this property?
This property features: Three‑story warehouse building totaling approximately 24,516 SF; Adjacent parking lot with 24+ spaces; Historic masonry construction with original floors and steel industrial windows
