3954-56 Magazine Street- FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30517850
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 1,950 SF
Gross Building Area: See Agent
Gross Land Area: 3,410 SF
Sale Price: $1,350,000
Unit Price: $692.31 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/10/2019

Overview / Comments

3954-56 Magazine Street is located in a high-foot traffic area in Uptown New Orleans with close proximity to other high-end retailers, boutiques, galleries, and restaurants. This 1950sf double shotgun-style property was recently renovated to open up the floor plan and utilize both sides of the building. The property was recently upgraded with a brand new renovation that features contemporary fixtures and finishes. The property features a front porch spanning the width of the storefront and sits on a 31 x 110 lot.

Located in the same shopping stretch as Warby Parker, Marine Layer, UNTUCKit, Billy Reid, Cole Pratt Gallery, and Mignon Faget. The building is currently occupied by national men's and women's clothing chain, J. McLaughlin.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41047418
Zoning: HU-B1
Retail Clientele: General, Family, Traveler, Tourist, Recreation, Convention
Property Located Between: Constantinople and Austerlitz Streets
Property Visibility: Excellent
Largest Nearby Street: Between Napoleon and Louisiana Avenues
Feet of Frontage: 27
Highway Access: I-10 and Hwy 90
Airports: MSY
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,950 SF
Property Condition: Excellent
Year Renovated: 2018
Exterior Description: Traditional double shotgun style with decorative corbels, window shutters, and two entry doors.
Parking Description: Metered street parking. Unmetered parking available on side streets
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,150 171,755 389,808
Median Age: 37.1 36.39 36.87
Households: 13,110 73,610 160,018


Photograph of Listing Agent

Tyler Robinson

Urban Properties Real Estate, LLC New Orleans, LA
LACDB Member
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