601 Galvez St New Orleans, LA 70119
This exceptional 82,300-square-foot industrial property, located at 601 South Galvez Street in New Orleans, Louisiana, presents a significant investment opportunity. Built in 2006, this two-building complex sits on a 2.85-acre lot and is zoned MU-2. The property features seven dock-high loading doors, providing efficient access for distribution operations. Approximately 12,000 square feet is dedicated to office/showroom space, currently in varying states of repair. A portion of the warehouse (approximately 17,500 square feet) is currently leased to Grainger, with the lease transferring to the buyer. The warehouse boasts partial climate control and a fully sprinklered system. Its strategic location at the corner of South Galvez and Poydras Streets offers easy access to Mid-City, the Central Business District, and the French Quarter, making it ideal for storage and distribution. The land value is $81.41 per square foot. The asking price for this turnkey operation is $6,700,000. Property APN is 104105103.
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Pipe Line Works Factory Metal Fabrication Plant
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Grainger Industrial Supply (Bike/Boat/Book/etc) Store Building Supply
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Kid Gloves, Inc. Moving Company Storage Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.