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438 Iris Ave

3,906 SF Industrial Building New Orleans, LA 70121 $499,000 ($128/SF)

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Investment Highlights

Offers direct access to Jefferson Highway

Executive Summary

Attention Buyers!! Sellers current mortgage is at 5.25% and assumable for qualified buyers! The building is conveniently located and accessible from all major traffic arteries in the area. It is situated on 5,175 square feet of land on Iris Avenue in Jefferson, LA with 45 feet frontage along Iris Avenue and a depth of 115 feet. This steel frame/ cinder block building is 3,906 sq ft with 330 sq ft of finished/air conditioned space with office area, one bathroom and a break room. The warehouse has a concrete floor, one grade level 10’ x 10’ overhead door, another half bathroom and 14/16 ft ceiling height. This building would be great for any contractor but has been used as a metal shop most recently. It is zoned M-1 Industrial and Flood Zone X500.

438 IRIS AVE 12.2.24

Property Facts

Price	$499,000	No. Stories	1
Price Per SF	$128	Year Built	1975
Sale Type	Investment or Owner User	Tenancy	Single
Property Type	Industrial OfficeLoft Creative Space	Parking Ratio	1.02/1,000 SF
Building Class	C	Clear Ceiling Height	14 FT
Lot Size	0.12 AC	No. Drive In / Grade-Level Doors	1
Rentable Building Area	3,906 SF

Price	$499,000
Price Per SF	$128
Sale Type	Investment or Owner User
Property Type	Industrial OfficeLoft Creative Space
Building Class	C
Lot Size	0.12 AC
Rentable Building Area	3,906 SF
No. Stories	1
Year Built	1975
Tenancy	Single
Parking Ratio	1.02/1,000 SF
Clear Ceiling Height	14 FT
No. Drive In / Grade-Level Doors	1