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100 1St St Morgan City, LA 70380

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4.5-acre industrial waterfront property leased to Baker Hughes.

Property size:
1 SF

Property Features for 100 1St St

General Information

Size
1 SF

Source: James Barse, CCIM, SIOR Agent James Barse, CCIM, SIOR

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Waterfront Industrial Property with Lease

This industrial waterfront property features approximately 4.5 acres of land on the Atchafalaya River. The property is currently under a new 5-year lease. Baker Hughes has occupied this location since 1998 and recently exercised their first 5-year option, with three 5-year options remaining. The sublease is corporate guaranteed. The tenant completed a $20 million renovation of the property, including the construction of warehouse buildings, installation of a bulkhead, and filling it to an elevation of approximately 9 feet. The property has approximately 760 feet of waterfrontage on the Atchafalaya River and Bayou Boeuf. The zoning is 'Heavy Industrial'. The property is located in Downtown Morgan City at the end of First Street, with frontage on the Atchafalaya River and Bayou Boeuf.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Baker Hughes Drilling Contractor

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Sammy's Mini Storage

Location Insight

  • Map
  • Local Demand
City
Morgan City
County
St. Mary
State
Louisiana
Longitude
-91.20746
Latitude
29.690597

FAQs

What type of property is this?
Warehouse - 4.5-acre industrial waterfront property leased to Baker Hughes.
Where is this warehouse located?
The property is located at 100 1St St Morgan City, LA.
What are key features of this property?
This property features: - Corporate-guaranteed sublease by Baker Hughes, a major international oil field services company.; - New 5-year lease in place with three 5-year options remaining, providing long-term income potential.; - Zero landlord responsibilities except for property taxes, offering a passive investment.
More about this property
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