1152 Magazine St. (OZ) FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30508042
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 13,670 SF
Gross Building Area: See Agent
Sale Price: $2,118,850
Unit Price: $155 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2020

Overview / Comments

The historic warehouse building is located in the heart of New Orleans’ Lower Garden District and on a highly visible, heavily traveled section of Magazine St, the city’s flagship commercial artery. The Lower Garden District is a central neighborhood within the city and is highly concentrated with residential and commercial areas in a stage of rapid development. It is a mixed-use neighborhood that scores high in walkability and is oriented by a nearby downtown business district and Magazine St.

The existing building features 13,670sf of raw and open warehouse space, including an existing two-story office. The property is located in an Opportunity Zone and qualifies for state and federal historic tax credits and has received Part 1 qualifying approval.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41145495
Zoning: HU-MU
Property Visibility: Excellent
Total Number of Buildings: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,839 197,783 402,101
Median Age: 37.14 35.68 36.98
Households: 11,093 85,717 167,670


Photograph of Listing Agent

Timothy Thompson

Urban Properties, LLC New Orleans, LA 70130
LACDB Member
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