Cold Storage Facility with Production
For Sale
$2,450,000
5900 S FRONT Street, New Orleans, LA 70115
MI zoning supports restaurant, warehouse, manufacturing, commissary, office, distribution, and brewery uses.
Property Size15,806 SF
Lot Size0.49 Acres
Price / SF$155
Days on Market55
Property Features for 5900 S FRONT Street
General Information
Standard status
Active
Size
15,806 SF
Total Parking Spaces
20
Lot size
0.49 Acres
Property subtype
Commercial
Zoning
MI
Site & Location
Neighborhood
West Riverside
Road Access
Yes
Warehouse & Industrial
Office Build-Out
2,880 SF
Cold Storage
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
1930
Stories
2
Building Size
15,806 SF
Listing Agency:
Ben & Burka
Listed By:
Aaron J. Kazanoff · License #995700882
(504) 301-1002
Source:
Geauxsouthrealty
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 31 at 2:19PM
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 Ben & Burka
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Investment Insights
Based on property information with market context.
This cold storage property combines production areas, freezer and cooler rooms, conditioned warehouse space, and finished offices. The 12,086 SF ground floor is complemented by a second floor with 2,880 SF of office space and an 840 SF boiler room. Improvements include ventilation systems, a new boiler, high ceilings, and four truck wells. The building was renovated recently and dates to 1930.
The site occupies 21,305 SF near Audubon Park, with the Port of New Orleans and rail yard behind it. Tchoupitoulas Street provides access, and the property is within a 10-minute drive of Uptown destinations. Nearby businesses and institutions include Manning Family Children’s Hospital, Aldi, and Petco.
MI zoning allows a range of uses, including restaurant, warehouse, manufacturing, commissary, bar, office, distribution, and brewery. Off-street parking accommodates approximately 20 vehicles.
The site occupies 21,305 SF near Audubon Park, with the Port of New Orleans and rail yard behind it. Tchoupitoulas Street provides access, and the property is within a 10-minute drive of Uptown destinations. Nearby businesses and institutions include Manning Family Children’s Hospital, Aldi, and Petco.
MI zoning allows a range of uses, including restaurant, warehouse, manufacturing, commissary, bar, office, distribution, and brewery. Off-street parking accommodates approximately 20 vehicles.
Key Highlights
- Freezer and cooler rooms, multiple production areas, conditioned warehouse space, and finished offices
- 12,086 SF ground floor; second floor includes 2,880 SF of office space and an 840 SF boiler room
- 21,305 SF site with four truck wells and off‑street parking for ±20 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,773
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,955,460
$3.0M
Cap Rate 7%
$2,111,043
$2.1M
Cap Rate 9%
$1,641,922
$1.6M
Market Conditions
NOI Build-Up for 15,806 SF
Gross rent
$201.1K $12.72/SF
− Vacancy
−$4.0K −$0.25/SF
EGI
$197.0K $12.47/SF
− OpEx
−$49.3K −$3.12/SF
NOI
$147.8K $9.35/SF
Area
ZIP 70115
Vacancy
2.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,955,460
Cap Rate 7%
$2,111,043
Cap Rate 9%
$1,641,922
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,773 @ 7.0% cap · market cap 6.03%
Second Best
Warehouse
$1.64M
$1.44M – $1.91M
NOI $114,870 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $291,905 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - MI zoning supports restaurant, warehouse, manufacturing, commissary, office, distribution, and brewery uses.
Where is this refrigerated & cold storage located?
The property is located at 5900 S FRONT Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Freezer and cooler rooms, multiple production areas, conditioned warehouse space, and finished offices; 12,086 SF ground floor; second floor includes 2,880 SF of office space and an 840 SF boiler room; 21,305 SF site with four truck wells and off‑street parking for ±20 vehicles
