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
