RESTAURANT/COMMERCIAL SPACE FOR SALE ON MAGAZINE ST.

Retail-Commercial for Sale
Catylist Listing ID: 30474793
Property Subtypes: Restaurant
Building Size (RSF): 2,800 SF
Gross Building Area: 3,400 SF
Sale Price: $1,200,000
Unit Price: $428.57 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2019

Overview / Comments

Two story Creole building for sale on bustling Magazine Street in Lower Garden District. TWO bars, TWO dining areas, THREE bathrooms and a spacious outdoor gallery/patio overlooking Sophie Wright Park and Magazine St.

This property is also for lease.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Taxing Authority: Orleans Parish
Tax ID/APN: 41041122
Zoning: HU-B1 HISTORIC URBAN NEIGHBORHOOD BUSINESS DISTRICT
Retail Clientele: Business, Tourist, Recreation, Convention
Property Located Between: St. Mary & St. Andrew Streets
Property Visibility: Excellent
Largest Nearby Street: St. Charles Avenue
Typical SF / Floor: 1,400 SF
Property Condition: Average
Year Renovated: 2018
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Creole building in the hart of the Lower Garden District has second floor outdoor gallery/patio overlooking Magazine St.
Parking Description: None
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Window Unit, Other
Internet Access: Cable
Interior Description: Two levels of restaurant/flex/retail space. Kitchen w/vent hood and grease trap.
Zoning Description: HU-B1 Historical Urban Neighborhood Business District
Lot Frontage: 20
Lot Depth: 81
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Water Rights, Utilities
Easements Description: Utilities
Land Ownership: Fee Simple
Legal Description: SQ 137 LOT C MAGAZINE 20X81 PERMIT #b03004081 8/01/03 10/24/4 BLDG PERMIT 04COM-01 143 INSTALL SPRINKLER

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,964 197,724 399,533
Median Age: 36.19 35.9 36.78
Households: 12,563 83,622 164,530

Contact

Photograph of Listing Agent

Suzy Lamore

Reve REALTORS New Orleans, LA 70115
LACDB Member
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