Address: 2502 Magnolia Street, New Orleans, LA 70113
FOR SALE: $850,000 | $35.42 per SF
24,000 SF one story, dock high, warehouse facility available for sale or for lease at the corner of Magnolia and Second in Central City. Great building physique with excellent central location– immediately proximate to Uptown, CBD, and I-10.
The property is also conducive to redevelopment into commercial, mixed use, or residential applications. It is located in a Qualified Opportunity Zone, the Central City District National Register Historic District, and the Oretha Castle Haley State Cultural District, making it potentially eligible for both State and Federal Historic Tax Credits, as well as Opportunity Zone Tax Treatment.
Property features include:
-Lay down yard at the corner of Magnolia and Second is 58’ x 90’ with a dock high 10’H x 16’W roll up door.
-There is a 90′ x 12′ dock high covered storage area alongside the yard with a large double door leading to main warehouse space.
-The building features 15′-19′ ceiling height; 14′-18′ clear height, and 16′-19′ ridge height (need to verify)
-Roll-over curb along nearly the entire length property on Maganolia.
-Six (6) curb height 10’H x 16’W bays, 3 of which feature roll-up overhead doors, one of which contains out-swinging steel double doors, and two of which have been infilled with brick on Magnolia elevation
-One (1) additional 10’H x 16’W opening on Magnolia has been infilled with brick and retrofitted with a pedestrian door, and one ~9’H x 6’W door has also been infilled with brick and a pedestrian door.
-A small portion of the roof on the main warehouse was removed, but the joist pockets, etc. remain, so re-enclosing it would not be too difficult. There is also a portion of this roof that is need of repair, as well as the two (2) clerestory windows.
-The column spacing is 18’ x 18.5’
-The Uptown side of the property is serviced by a 12’ alley that wraps around to the rear of the building where there is a 9’H x 10’W double door and a ~9’H x 5’W double-door into the warehouse.
For further listing information, or to schedule a showing, please contact Gordon McLeod (504.717.3648)