2123 Tchoupitoulas Street

Description

Available for Sale or Lease, 2123 Tchoupitoulas St is a highly functional and recently renovated Lower Garden District dock-high warehouse in an excellent location with visibility on Tchoupitoulas St as well as direct access to I-10, Crescent City Connection and the Port of New Orleans. This building also sits within close proximity to the Convention Center and Mardi Gras World and is a quick drive to Uptown, the CBD, or French Quarter as well as walking distance to numerous breweries, restaurants, and shops.Key DetailsSale Price: $2,050,000Lease Rate: $6.50 PSF ($14,469/mo)NNN: $1.51 psf ($3,352/mo)Zoning: HU-MU (Property currently holds legal non-conforming use as a warehouse)Building Size: 26,712 SF (two connected buildings, each with a clear span between their eaves)Lot Size: 32,640 SFEave Height: 15’Ridge Height: 28’Dock height doors: 4 (1 internal)Roof Coating with warranty through March 2029Surface ParkingElectric: 3 phase, 400 ampsPossible uses: Warehouse, catering kitchen, brewery or distillery, artisan manufacturing, health club, social club, indoor amusement facility, recording studio, and more.In its current form, this property offers tremendous optionality as both an investment with great long-term value as well as for an operator interested in building equity through ownership. The property also presents an opportunity for future redevelopment given its location and proximity to recent developments, including: The Exchange Pickleball + Bar launched in 2023, the former Sara Mayo Hospital’s transformation into a 205-unit apartment complex, and The River District, New Orleans’ most ambitious development in decades, located just over half a mile away.