LGD Redevelopment Opportunity FOR SALE

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30654752
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 3,509 SF
Gross Building Area: See Agent
Sale Price: $925,000
Unit Price: $263.61 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2020

Overview / Comments

1306 Magazine Street is located between Thalia and Melpomene Streets in New Orleans' scenic Lower Garden District. This 3,509 SF property is an excellent redevelopment opportunity and qualifies for historic tax credits. The building is zoned HU-MU, which allows for a variety of uses, including but not limited to restaurant, office, and retail. The asking price is $925,000.

The property is located directly next door to the Framework development, which includes The Bower, Claret, Satsuma, MVMT by Romney, and Dirty Coast. Other notable nearby locations include Blue Giant Chinese, Thalia, French Truck Coffee, and Barrel Proof.

http://property.nola.gov/

For more information or to schedule a tour, contact Tim Thompson with Urban Properties at 504.913.0462 or tim@urbanproperties.com.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41145517
Zoning: HU-MU
Property Located Between: Thalia and Melpomene Streets
Largest Nearby Street: Magazine Street
Total Number of Buildings: 1
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,554 203,370 399,243
Median Age: 37.16 35.57 37.02
Households: 11,327 87,054 166,461

Contact

Photograph of Listing Agent

Timothy Thompson

Urban Properties, LLC New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Henry Shortess

Urban Properties, LLC New Orleans, LA 70130
LACDB Member
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