Rare Magazine St "corner store" style building!

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30540086
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Retail-Pad
Status: Pending/Contingent
Building Status: Proposed
Building Size (RSF): 4,292 SF
Gross Building Area: See Agent
Sale Price: $1,150,000
Unit Price: $267.94 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2020

Overview / Comments

Opportunity knocks! Rare Magazine Street "corner store" style building with a large ground floor commercial space, 3 parking spaces and 4 income producing apartments! This updated property features central HVAC, separate electric meters and would be great for an investment or a perfect spot for an owner occupied business. Well located on a happening portion of Magazine Street, right on the Mardi Gras parade route with high traffic count daily. Zoned HU-B1 per City of New Orleans. Imagine the possibilities!

Financials

Finance Data Year 2019
Potential Rental Income $105,000 (Annual)

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41055360
Zoning: HU-B1
Retail Clientele: General, Business, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Multiple Tenants
Number of Stories: 2
Property Condition: Good
Construction/Siding: Block, Brick, Wood Siding
Total Parking Spaces: 3
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: HU-B1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,954 161,417 381,704
Median Age: 37.92 36.34 37.01
Households: 12,474 68,534 157,794

Contact

Photograph of Listing Agent

Tracey Moore

Reve REALTORS New Orleans, LA 70115
LACDB Member
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