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698 St George Ave

New Orleans, LA
Total Size
86,427 sqft
Year Constructed
Year Renovated
Building Class

About 698 St George Ave

The subject is an 86,427 square foot office warehouse located in Jefferson (Elmwood), Louisiana. The subject improvements consist of a two-story, 11,900 square foot main office building which is connected to a 280 square foot shipping office and a 74,247 square foot warehouse facility. The office building, which makes up roughly 14% of the total building area, is composed of a front lobby area, seven offices, two storage rooms, and two stairwells. The building is of metal-frame and masonry construction and has a brick veneer façade, a flat roof, and is situated on a concrete slab foundation. The interior of the office building has tile and carpet flooring, painted sheetrock walls and ceilings, as well as acoustic drop tile ceilings. Overall, these improvements are considered to be in good condition. The main 74,247 square foot warehouse facility, which is currently used as food processing plant and storage facility, has a ground floor of 61,887 square feet and a second floor of 12,360 square feet, which is accessed by a freight elevator. This steel-frame and concrete block construction warehouse facility has a painted concrete block exterior, a membrane roof, and a concrete slab foundation. The interior of the warehouse has sealed concrete floors, exposed metal beam ceilings, and painted concrete block walls. The warehouse also has numerous roll up doors and a dock high loading area. There are two refrigerator/freezer rooms within the warehouse that contain a total of 8,879 square feet. The refrigerator unit totals roughly 2,600 square feet while the freezer unit totals roughly 6,279 square feet. Overall, the main warehouse facility is considered to be in good condition. Additional site improvements include a chain link fence that runs the perimeter of the property, as well as a large paved and gravel paved parking and driveway areas. - Parking description: Yards: A chain link fence that runs the perimeter of the property, as well as a large paved and gravel paved parking and driveway areas. - Area description: The subject is located in close proximity to an industrial pocket known as the Elmwood Industrial Park. It is still considered part of this neighborhood even though it is not within the formal boundaries because of the industrial nature of the subject’s surrounding streets. The section is defined by Airline Highway to the north, the Mississippi River to the south, Causeway Boulevard to the east and Dickory and Hickory Avenues in the west. The more general neighborhood land uses consist of a mixture of industrial, commercial and residential. The property is located on the west side of St. George Avenue in an industrial area, however, the neighborhood immediately to the east of the property is a residential neighborhood. Clearview Parkway, located just west from the subject property, has become a major retail corridor for the Greater New Orleans market and includes many big box and national retailers including Home Depot, Wal-Mart, Old Navy, K-Mart, and Verizon Wireless among others. Numerous other local credit tenants have a presence along this thoroughfare as well including restaurants, banks, etc. Residential properties are located off of the major arteries. - Number of buildings: 1 - Building condition: Good - Tenancy: Single Tenant

Internet Providers for 698 St George Ave

Provider Technology Max Download Speed Max Upload Speed
Cox Communications Cable
1 Gb/s
25 Mb/s
AT&T Louisiana DSL
25 Mb/s
3 Mb/s
MegaPath Corporation DSL
6 Mb/s
768 kbps

The City: Elmwood

On average, listings lease in the $20's per square foot per year. The Elmwood submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Greater New Orleans Region market, the Elmwood submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
Elmwood $24
Median Rate Median Size
Greater New Orleans Region $23

Median Rate over Time in Elmwood