Catylist ID:
#30654890
2900 Magazine St
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30654890 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Street Retail, Other |
| Status: | Pending/Contingent |
| Building Size (RSF): | 12,899 SF |
| Gross Land Area: | 11,195 SF |
| Sale Price: | $3,250,000 |
| Unit Price: | $251.96 PSF |
| Property Use Type: | Vacant/Owner-User |
| Building Name: | former Belladonna Day Spa |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/11/2022 |
Overview / Comments
|
-1st floor is 6,467/sq ft - 2nd floor is 3,000/sq ft - X flood Zone - $776,000 renovation in 2013 1024 6th Street (Air BnB) Total Building 3,432/sq ft - $1,600,000 renovation in 2018 Property overview: Corner location comprised of three lots improved with two structures that are attached on the second floor. 9,239 sq ft situated at Magazine Street & Sixth Street in the Uptown area of New Orleans. Includes a private courtyard between the two structures with hydrotherapy garden including water features and fountains, ample decking, three outdoor showers and an outdoor jacuzzi. Principal building is 9,467 sq ft, two story retail building that includes an upscale spa and nail salon which is 6,467 sq ft. The ground floor is primarily retail showroom with some lobby/office area, nail salon areas, facial rooms, saunas, locker rooms, kitchen / break room. The second story is accessed via a staircase in the retail showroom, or by a staircase towards the rear of the building. Second level includes several facial rooms, massage rooms, and a hydrotherapy room. Excellent condition after extensive renovation in the past five years. Additional structure is a 3,660 sq ft mixed-use building that includes four short-term rental apartments with BR, LR, and small kitchenette with sink, stovetop and full refrigerator. Fully renovated in 2018 and in excellent condition. |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Uptown-Garden District |
| Tax ID/APN: | 41183261 |
| Zoning: | HU-B1 |
| Retail Clientele: | General, Family, Tourist, Recreation, Other |
| Property Visibility: | Excellent |
| Feet of Frontage: | 60 |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Excellent |
| Year Renovated: | 2013 |
| Zoning Description: | Historic Urban Business District |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 28,554 | 187,787 | 399,430 |
| Median Age: | 36.52 | 36.08 | 36.83 |
| Households: | 14,609 | 80,056 | 164,562 |
Contact
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