Amazing Magazine Street Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30853578
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,500 SF
Gross Land Area: 7,168 SF
Sale Price: $1,500,000
Unit Price: $428.57 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2024

Overview / Comments

Owner Financing Available!!! Wonderful Opportunity in the Magazine Street Commercial District!!!! This Victorian Bracketed Camelback offers about 3500 sf of Retail/ Office/ Medical/ Restaurant space in the highly-trafficked, highly-visible corner of Magazine and Aline Streets. The building boasts many historical features such as high ceilings, original doors, moldings and mantles, charming front porch, floor to ceiling windows, has an attached parking lot with ADA ramp and whole building generator. Apartment potential on the second floor. Zoned HU-B1 which permits a variety of uses. Measurements are approximate and not guaranteed. Owner Financing Available!

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 614125301
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: On Magazine Street at Aline Street
Property Visibility: Excellent
Largest Nearby Street: Louisiana Ave
Feet of Frontage: 56
Property Condition: Good
Year Built: 1890
Year Renovated: 2015
Construction/Siding: Vinyl Siding
Total Parking Spaces: 7
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,009 176,555 396,657
Median Age: 37.17 36.18 36.9
Households: 13,746 75,409 163,009

Contact

Photograph of Listing Agent

Georgia Saucier

Dorian Bennett Sotheby's International Realty New Orleans, LA 70130
LACDB Member
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