601 Galvez St New Orleans, LA 70119
- Warehouses
- 82,300 SF
- 2.85 lot acres
Current Use by Public Records
- Pipe Line Works / Pipe Supplier
- Grainger Industrial Supply / Tool Store / Abrasives Supplier
- Kid Gloves, Inc. / Moving And Storage Service
Property Details for 601 Galvez St
- Year built
- 2006
- Lot size
- 2.85 lot acres
- Property size
- 82,300 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
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
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.0881
- Latitude
- 29.9568
