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508 Time Saver Ave

Elmwood, LA
Total Size
61,700 sqft
Zoning
Year Constructed
0
Year Renovated
0
Building Class

About 508 Time Saver Ave

Address: 500 & 508 Time Saver Avenue (corner Humphreys Street) Jefferson Parish, LA

Legal: Lot 1A9-A, Elmwood Business Park, Phase F, Jefferson Parish, LA

Building Description: Bldg A: 500 Time Saver Avenue: Approx 13,700 sq. ft. dock height office/warehouse facility formerly used as an ice house; including approx. 935 sq. ft. of office area. Portion of building closest to Humphreys Street is grade level (2,305 sq. ft. +/-) and balance (11,395 sq. ft. +/-) is dock height. Column spacing of 36’ x 36.5’. Loading is via three (3) dock height doors on north side of building (2 with dock levelers) and via one (1) ground level overhead door facing Humphreys Street. Clear heights ranging from 15’8” to 20’4” (to beam). Building is need of renovation.

    Bldg B: 508 Time Saver Avenue: Approx 48,000 sq. ft. of office/warehouse facility with dry and cold storage space for storage and processing of foods. Building includes approx 4,367 sq. ft. +/- of mezzanine level office, 3,552 sq. ft. +/- of cooler rooms,  2,014 sq. ft. +/- of freezer area and 5,048 sq. ft. +/- refrigerated food processing rooms (with floor drains), including USDA office and small cooler rooms. Balance of building is dry storage. Building also includes a commercial kitchen (784 sq. ft. +/-) and a large meeting room (1,076 sq. ft. +/-) adjacent to kitchen area. Loading is grade level (via one overhead door) on lower bay portion and dock height via twelve (12) overhead doors on high bay side of building (6 doors equipped with dock levelers). Lighting in warehouse is via T5 high output fluorescent fixtures. Column spacing of 36’x36’. High bay portion of building comprises 33,045 sq. ft. with clear height ranging from 22’9” to 25’. Lower bay portion of building comprises approx 10,625 sq. ft. +/- with clear height ranging from 15’8” to 16’5”.

Land Area: 3.77 acres

Zoning: M-1, Industrial District

Rental Pricing: Building A (13,700 sq. ft. +/-): $5,000/month, net Building B (48,000 sq. ft. +/-): $25,000/month, net

Sale Pricing: $3,900,000 (entire property)

Companies at 508 Time Saver Ave

Freshy Foods

Internet Providers for 508 Time Saver Ave

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications, LLC Fiber
10 Gb/s
10 Gb/s
Cox Communications Cable
1 Gb/s
25 Mb/s
AT&T Louisiana DSL
25 Mb/s
1.5 Mb/s
MegaPath Corporation DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Elmwood Business District

On average, listings lease in the $20's per square foot per year. The Elmwood Business District submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Greater New Orleans Region market, the Elmwood Business District submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Median Rate Median Size
Elmwood Business District $24
/sqft/yr
3,000
sqft
Median Rate Median Size
Greater New Orleans Region $24
/sqft/yr
2,070
sqft

Median Rate over Time in Elmwood Business District