1900 Block of Magazine Street Portfolio

Retail-Commercial for Sale
Catylist Listing ID: 30868753
Property Subtypes: Street Retail
Building Size (RSF): 16,352 SF
Gross Building Area: See Agent
Sale Price: $5,000,000
Unit Price: $305.77 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/10/2024

Overview / Comments

Prominently located in the dynamic corridor of the 1900 bock of Magazine Street, the portfolio consists of 5 retail properties totaling 16,352 square feet that are all occupied by separate tenants. 10,880 SF of contiguous space, approximately 6,000 SF of ground floor, allows for a variety of redevelopment opportunities.

Take advantage of this prime opportunity to acquire under rented retail spaces approaching the end of lease term near the highly anticipated River District development.

Portfolio consists of 1904 Magazine St, 1906 Magazine St, 1908 / 1910 Magazine St, 1912 Magazine St, 1920 Magazine St respectively leased to Stardust Salon and Day Spa, The Tasting Room, MCMXII, Parish Parlor, and Vintage Market by Trashy Diva.

Nearby restaurants, retail shops, bars, and personal service establishments create a cohesive environment that is easily accessible by residents of the Lower Garden District, the Irish Chanel, and the incoming mixed use River District development.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 411203105, 411203106, 411203107, 411203108, 411203111
Zoning: HU-B1
Retail Clientele: General, Family, Traveler, Tourist, Recreation, Convention
Property Located Between: St. Mary Street and St. Andrew Street
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 2
Year Built: 1900
Roof Type: Hip
Construction/Siding: Brick
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: 24,964 198,029 398,403
Median Age: 36.19 35.91 36.79
Households: 12,563 83,746 164,191

Contact

Photograph of Listing Agent

Jeffrey Doussan, Jr

New Orleans, LA
LACDB Member
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