About 625-627 Celeste Street
Rare investment opportunity to acquire leased office and warehouse space blocks from rapidly growing Riverfront Development area. The property is currently leased through May 31, 2028, with potential for early termination by mutual agreement between the tenant and the new owner. Contact agent for further details on the current lease. Located just a few blocks from the Riverfront Development and directly across from Walmart, the property fronts Celeste, Felicity, and St. Thomas Streets. Key features include: 42,653 SF Gross Building Area 25,252 SF three-story office building with modern renovations, featuring exposed brick walls, high ceilings, and a mix of private suites and flexible workspaces. The third floor is partially built out for additional office or flex space. 13,270 SF warehouse with a roll-up door ramped into the building from St. Thomas Street, plus two additional roll-up doors boasting a large loading dock with ceiling heights ranging from 11'4" to 19'4" on Celeste Street. The warehouse offers flexibility for additional office build-out, interior parking, warehousing, or storage. 4,380 SF gated parking lot with 12 marked spaces. 30,636 SF Land Area Zoned MU-2, this property offers extremely generous use options, making it desirable a developer or end user looking to generate income while planning for future redevelopment or expansion.
Features of 625-627 Celeste Street
MLS® # | 2499014 |
---|---|
Price | $3,321,810 |
Bathrooms | 0.00 |
Acres | 0.00 |
Year Built | 1969 |
Type | Commercial |
Status | Active |
Community Information
Address | 625-627 Celeste Street |
---|---|
City | New Orleans |
County | Orleans |
State | Louisiana |
Zip Code | 70130 |
Amenities
Parking | Covered, Parking Lot |
---|---|
Is Waterfront | No |
Has Pool | No |
Interior
Fireplace | No |
---|---|
Has Basement | No |
Exterior
Exterior | Concrete, Brick |
---|---|
Lot Description | City Lot, Irregular Lot, Oversized Lot |
Construction | Concrete, Brick |
Additional Information
Days on Market | 174 |
---|---|
Zoning | MU-2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 0.00 |
Listing Provided By | Z Group, LLC |