Industrial Duplex with Roll-Up
2601 Lexington Avenue #B-C Kenner, LA 70062
2601 Lexington Avenue #B-C, Kenner, LA, 70062
$848,000
For Sale
$848,000
Two separately leased industrial units each feature a roll-up door on an approximately 100' x 120' lot.
Property Size9,000 SF
Lot Size0.28 Acres
Price / SF$94.22
Days on Market116
Property Features for 2601 Lexington Avenue #B-C
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.28 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing agency
The Agency Of M. Grass Group, LLC
(504) 237-3359
Listed by
Matthew Grass · License #23286
(504) 237-3359
Source
Nolalivingrealty
Added: Mar 30 Updated: Jul 22 at 2:08PM Checked: Jul 23 at 6:21AM
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 The Agency Of M. Grass Group, LLC
Investment Insights
Based on property information with market context.
This for-sale industrial property is an investment setup featuring approximately 9,000 SF across two separately leased units (B and C). Each unit has its own tenant and roll-up door, providing a straightforward duplex configuration for occupancy and tenancy.
The property is located on an approximately 100' x 120' lot and is zoned Special Industrial. It is described as being near I-10 and MSY, supporting demand within the surrounding industrial corridor.
The property is located on an approximately 100' x 120' lot and is zoned Special Industrial. It is described as being near I-10 and MSY, supporting demand within the surrounding industrial corridor.
Key Highlights
- Approximately 9,000 SF industrial property built in 1975 with two separately leased units (B & C).
- Each unit has its own tenant and a roll‑up door for individual access.
- Located on an approximately 100' x 120' lot.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $9.60 |
| − Vacancy | −$3.9k | −$0.43 |
| EGI | $82.5k | $9.17 |
| − OpEx | −$12.4k | −$1.38 |
| NOI | $70.1k | $7.79 |
9,000 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.00M
$876.7K – $1.17M
NOI $70,135 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,212 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coco Construction Of New ...
General Contractor
Atlas Marine Cargo
Freight Service
SEH
Courier Service
(Rum) Vape, Hookah ...
(Bike/Boat/Book/etc) Store
PROFESSIONAL CONSTRUCTION & RESTORATION
Construction Company
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FAQs
What type of property is this?
Warehouse - Two separately leased industrial units each feature a roll-up door on an approximately 100' x 120' lot.
Where is this warehouse located?
The property is located at 2601 Lexington Avenue #B-C Kenner, LA.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: Approximately 9,000 SF industrial property built in 1975 with two separately leased units (B & C).; Each unit has its own tenant and a roll‑up door for individual access.; Located on an approximately 100' x 120' lot.
