503 Degravelle Rd Morgan City, LA 70380
- Warehouses
- 46,800 SF
- 15.00 lot acres
Current Use by Public Records
- Diamond Services Corporation / Shipyard / Oil Field Equipment Supplier
Property Details for 503 Degravelle Rd
- Lot size
- 15.00 lot acres
- Property size
- 46,800 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morgan City
- County
- St. Mary Parish
- State
- Louisiana
- Longitude
- -91.105
- Latitude
- 29.6526
