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    503 Degravelle Rd Morgan City, LA 70380

    Sponsored
    For Sale
    $3,000,000

    Multi-tenant warehouse, 46,800 SF

    Property size:
    46,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 46,800-square-foot multi-tenant industrial complex situated on a 15-acre lot in Morgan City, Louisiana. The property boasts four buildings, including approximately 6,000 square feet of office space and three warehouses ranging from 10,800 to 22,500 square feet. Seven dock-high doors facilitate efficient loading and unloading. The property is zoned for heavy industrial use and features approximately 800 feet of waterfront access on Bayou Boeuf. The asking price is $3,000,000, translating to $64.10 per square foot. The land value alone is estimated at $200,000 per acre. An additional 8 acres of undeveloped land across the street offers potential for future expansion. This prime location, south of Highway 182 on Degravelle Rd, in St. Mary Parish (zip code 70380), provides excellent access to transportation networks. The property's size, features, and zoning make it ideal for a variety of manufacturing and warehousing operations. The APN is 3524181001.00. This is a rare opportunity to acquire a substantial industrial property with significant waterfront access in a thriving Louisiana market.

    Property Features for 503 Degravelle Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    46,800 SF
    Lot Size
    653,400 SF

    Building Details

    Buildings
    4
    Stories
    1

    HighLights

    • 46,800 SF of office/warehouse space on a 15‑acre site.
    • 800 feet of Bayou Boeuf waterfront.
    • 6,000 SF of office space and three warehouses totaling 40,800 SF.
    • 8 acres of undeveloped land across the street.
    • Located south of Highway 182 on Degravelle Road.
    • Heavy industrial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Diamond Services Corporation Oil Field Equipment Supplier

    Suggested Use

    Restaurant Dental Office Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Food Market Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgan City
    County
    St. Mary Parish
    State
    Louisiana
    Longitude
    -91.1050149
    Latitude
    29.6525687

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant warehouse, 46,800 SF
    Where is this distribution property located?
    The property is located at 503 Degravelle Rd Morgan City, LA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 46,800 SF of office/warehouse space on a 15-acre site.; 800 feet of Bayou Boeuf waterfront.; 6,000 SF of office space and three warehouses totaling 40,800 SF.
    Request Owner's contact information
    503 Degravelle Rd Morgan City, LA 70380
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    Morgan City, LA 70380
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    503 Degravelle Rd Morgan City, LA 70380
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