4201 Magazine Street - For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30752802
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,857 SF
Gross Building Area: 4,080 SF
Gross Land Area: 3,600 SF
Sale Price: $1,600,000
Unit Price: $414.83 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 3,857 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/23/2021

Overview / Comments

PLEASE DO NOT DISTURB THE RESTAURANT, THEY ARE STILL OPERATING BUSINESS AS USUAL.

Great opportunity to purchase a corner retail + residential building on one of the busiest corridors on Magazine Street. The building sits on the Uptown, lake-side corner of Magazine and is within the same block of Shaya Restaurant. The first floor is occupied by Magasin Vietnamese Café and the second floor consists of two residential units in shell condition, ready for renovation. Neighboring businesses include, Saffron, La Petite Grocery, Market on Magazine, Nomiya, Nola Boards, Theos Pizza, Sherwin Williams, Trendz and many more. Please do not disturb the tenants and contact the agent's for more information.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Taxing Authority: Orleans Parish
Tax ID/APN: 41047423
Zoning: HU-B1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Magazine Street & Camp Street
Property Visibility: Excellent
Largest Nearby Street: Magazine Street
Feet of Frontage: 30
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1982
Roof Type: Hip
Construction/Siding: Vinyl Siding
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System, Package Unit
Internet Access: Cable, DSL, Satellite, Gigabit, Other
Zoning Description: The HU-B1 Neighborhood Business District is intended for commercial areas that predominantly serve the needs of the nearby residential neighborhoods. The general character of this type of development should be sensitive to and compatible with its residential surroundings.
Lot Frontage: 30
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SQ 229 LOT M 30X120 4201-03 MAGAZINE & 912 MILAN 2 STY BLDG-2 STORES-1 APT FILE #67864 9/91 DEP

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,239 167,113 389,736
Median Age: 37.35 36.25 36.87
Households: 13,538 71,631 159,997

Contact

Photograph of Listing Agent

Cameron Griffin

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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