Artist/Work Space Investment in Arabi

Industrial for Sale
Catylist Listing ID: 30049454
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Other
Building Size (RSF): 7,600 SF
Gross Building Area: See Agent
Gross Land Area: 10,400 SF
Sale Price: $599,000
Unit Price: $78.82 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2017

Overview / Comments

Great opportunity in Arabi less the 350ft from the Mississippi River! Property consists of a large 2-story metal building measuring 7600 SQFT(approx) and vacant lot next door (38' x 126').
Structure is divided into 8 work studios ranging from (400-900 SQFT) and fully rented out. Property has been completely renovated with a 400 amp three-phase service, updated plumbing, working freight elevator, and all climate controlled. Complete with a full kitchen and bathrooms on each floor.

Building and vacant lot all zoned Light Industrial giving the property many options! Located next to the Mississippi River, 40 Aprent Brewery, St Claude Art District, Old Arabi Bar, And the Maumus Center Planetarium

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Bernard
Submarket/Township: St Bernard Parish
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,600 SF
Property Condition: Excellent
Roof Type: Flat
Parking Type: Surface
Parking Description: Parking lot and driveway. Room to add more easily.
Air Conditioning: Other
Lighting: Fluorescent
Zoning Description: Light Industrial
Lot Frontage: 82
Lot Depth: 126
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,816 100,259 270,561
Median Age: 37.15 36.45 36.39
Households: 3,655 39,835 111,087

Contact

Photograph of Listing Agent

George Jeansonne

French Quarter Realty
New Orleans, LA
LACDB Member
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