2940 Royal St New Orleans, LA 70117
Property summary
This exceptional 63,244-square-foot warehouse, located at 2940 Royal Street in New Orleans' vibrant Bywater neighborhood, presents a significant industrial opportunity. The property boasts a single-tenant occupancy, offering immediate availability for a new lessee. The building is classified as Class B and features impressive ceiling heights ranging from 17 to 25 feet, providing ample vertical space for storage and operations. Eleven loading docks and one drive-in door ensure efficient loading and unloading capabilities. The expansive lot size of 87,092 square feet offers significant potential for expansion or outdoor storage. The property is zoned HU - MU, Historic Marigny/Treme/Bywater Mixed-Use District, within Orleans Parish, Louisiana, and has a zip code of 70117. The building's total square footage is 63,244 square feet, all of which is currently vacant. Net, Net, Net (NNN) charges are $1.14 per square foot annually, a rate guaranteed for a maximum of 24 months. The owner is open to considering leasing the entire building or a portion thereof. This prime location offers easy access to major transportation routes and is situated within a dynamic and rapidly developing area. This warehouse is ideal for businesses seeking a large, well-equipped space in a desirable New Orleans location.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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from $99/month
Cap rate
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from $99/month
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Property description
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