624 Race Street

Industrial for Sale
Catylist Listing ID: 30347398
Property Subtypes: Mixed Use
Building Size (RSF): 4,900 SF
Gross Land Area: 18,400 SF
Sale Price: $1,100,000
Unit Price: $224.49 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2018

Overview / Comments

Formerly used by Grayline Bus Tours.
Easy access into CBD or Uptown.
Site has two means of ingress and egress from Race St and St. Thomas St.
Near future hotel and entertainment development complex proposed by the Convention Center.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41202571
Zoning: HU-MU
Property Located Between: Bounded by Religious, Orange and St. Thomas Streets
Highway Access: Near Tchoupitoulas and elevated expressway at Mississippi River
Site Description: "T" shaped lot with open warehouse and storage facility and small separate office space, see survey included. Open warehouse is approximately 3,500sf.
Area Description: In the Lower Garden District, across from the Saulet Apartments, convenient access to CBD and Uptown. Prime redevelopment opportunity.
Total Number of Buildings: 2
Property Condition: Fair
Parking Type: Surface
Zoning Description: HU-MU May be redeveloped into many different uses.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,535 193,649 393,862
Median Age: 35.78 35.88 36.76
Households: 9,879 82,714 162,937

Contact

Photograph of Listing Agent

Robert K Stevens

The Stevens Group Inc Metairie, LA 70006
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.