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1240 S Broad St 9,487 SF 100% Leased Industrial Building New Orleans, LA 70125 $2,095,000 ($220.83/SF)
Investment Highlights
- Significant frontage along South Broad Street in a high-traffic commercial corridor.
- Excellent accessibility to Interstate 10, Earhart Boulevard, and the New Orleans CBD.
- Modernized building with office space and additional storage areas.
Executive Summary
This commercial property at 1230-40 S. Broad Street presents a rare opportunity in one of New Orleans’ most established commercial corridors. The site features a one-story building totaling approximately 9,487 square feet on a 21,120 square foot lot, offering significant frontage along South Broad Street. Zoned C-1 (General Commercial District), the property supports a wide range of retail and commercial uses, benefiting from strong visibility and accessibility in a high-traffic location.
Formerly a warehouse, the building has been converted into a modern commercial facility with well-appointed office areas and additional storage space. The expansive yard provides ample parking and room for future expansion or outdoor operational needs. Its proximity to major thoroughfares, including Interstate 10 and Earhart Boulevard, ensures excellent connectivity to the Central Business District, the Superdome, and key medical and retail destinations. This property is well-suited for owner-users or investors seeking a versatile asset in a dynamic urban market.
Formerly a warehouse, the building has been converted into a modern commercial facility with well-appointed office areas and additional storage space. The expansive yard provides ample parking and room for future expansion or outdoor operational needs. Its proximity to major thoroughfares, including Interstate 10 and Earhart Boulevard, ensures excellent connectivity to the Central Business District, the Superdome, and key medical and retail destinations. This property is well-suited for owner-users or investors seeking a versatile asset in a dynamic urban market.
Property Facts
| Price | $2,095,000 | Lot Size | 0.48 AC |
| Price Per SF | $220.83 | Rentable Building Area | 9,487 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1960 |
| Property Subtype | Warehouse | Parking Ratio | 0.74/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-1 | ||
| Price | $2,095,000 |
| Price Per SF | $220.83 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.48 AC |
| Rentable Building Area | 9,487 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 0.74/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-1 |
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Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Numbers | Improvements Assessment | $19,620 | |
| Land Assessment | $21,120 | Total Assessment | $40,740 |
Property Taxes
Parcel Numbers
Land Assessment
$21,120
Improvements Assessment
$19,620
Total Assessment
$40,740
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1240 S Broad St
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