1435 Japonica Street

Industrial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30746943
Property Subtypes: Cold Storage, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution
Building Size (RSF): 34,930 SF
Gross Land Area: 80,476 SF
Sale Price: $1,950,000
Unit Price: $55.83 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2022

Overview / Comments

This unique industrial or redevelopment opportunity in the Bywater is a MUST SEE and is PRICED TO SELL. The entire site consists of a full city block right off the Industrial Canal.

Square / City Block 589:
• 1435 Japonica – 80,476 SF site with a 34,930 SF warehouse

Street in Between:
It’s important to note that N Villere Street is the street between 1333 & 1435 Japonica that currently acts as a 9,000(+/-) SF gated yard (not counted toward the SF of any owned parcel). This extra area is rented from the city for $150/month.

The LI-Light Industrial zoning offers a variety of Permitted Uses by right including most industrial uses, breweries, distilleries, warehousing, educational facilities, and even hotel uses. See the CZO table 16-1 for LI Permitted and Conditional Uses.

Seller is willing to support a buyer’s zoning modification efforts to accommodate additional uses. This area of the Bywater is currently undergoing a cultural resurgence with music venues, restaurants, bars, and other cultural happenings becoming prevalent in the surrounding neighborhood.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41180902
Zoning: LI (LIGHT INDUSTRIAL)
Property Located Between: St. Claude Ave & N. Claiborne Ave.
Airports: MSY
Site Description: SQ/City Block 589: 1435 Japonica – 80,476 SF site with a 34,930 SF warehouse
Area Description: A full city block nestled between N. Claiborne Ave. & St. Claude Ave. along the West side of the Intracoastal Waterway and next to the U.S. Army Corps of Engineers in the St. Claude area.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Renovated: 2015
Overhead Cranes: 3
Zoning Description: The LI Light Industrial District is intended to provide for a wide variety of light manufacturing, fabricating, processing, wholesale distributing and warehousing uses appropriately located near or adjacent to major thoroughfares or railroads for access. Commercial uses and open storage of materials are permitted. Light industrial uses are typically low-intensity, non-nuisance light fabrication and assembly-type manufacturing, as well as office and research and development (R&D) facilities.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: 1. SQ 589 LOT 1 TO 22 SQUARE 2. 236 X 341 3. 2 GALV IRON WHSE & OFFICE 4. E REC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,815 113,460 319,084
Median Age: 37.43 37.57 35.75
Households: 5,189 49,066 132,251

Contact

Photograph of Listing Agent

Timothy Thompson

SVN Urban Properties New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Sam Hurley

SVN Urban Properties New Orleans, LA 70130
LACDB Member
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