Address: 1040-1042 Magazine Street New Orleans, LA 70130

Gordon McLeod represented the seller of this exceptional development opportunity consisting of a large three-story ~24,516

SF historic masonry warehouse and an adjacent 24+ space ~7,685 SF parking lot in the heart of the Warehouse District. The

property had been home to Purveyor of Fine Wines wholesale wine distributors since 1988. The property is located in a Qualified

Opportunity Zone, the Upper Central Business District National Register Historic District, and the Downtown Development

District Cultural District, making it eligible for both State and Federal Historic Tax Credits, as well as Opportunity Zone Tax

Treatment. The property, which is located across the street from the National WWII Museum and the brand new Higgins Hotel &

Conference Center, was acquired by the Museum for operational expansion and archival storage.

Sale Price: $6,150,000.00 | $250 per SF

Sale Date: December 17, 2021

Contact Gordon McLeod (504.717.3648) for further transaction information