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Historic Mansion Restaurant Space Available
For Lease
$7,000/Mo

2127 Prytania Street, New Orleans, LA 70130

Restaurant space for lease in historic Magnolia Mansion.

Property Size4,054 SF
Days on Market251

Property Features for 2127 Prytania Street

General Information

Standard status Active
Size 4,054 SF
Property subtype Retail
Listing Agency:
Listed By: Chuck Pennewell · License #LA #995702343
Source: Naiglobal
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: May 9 at 3:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chuck Pennewell

Investment Insights

Based on property information with market context.

Located on Prytania Street, between Josephine Street and Jackson Avenue, Magnolia Mansion is situated less than a block away from the Historic St. Charles Streetcar Line. The property is excellently located between the Garden District, the heart of the Museum District, and the French Quarter. The available restaurant space, formerly Le Coeur Du Magnolia, is approximately 4,054 square feet and located on the first floor of the building. The kitchen is fully equipped with all FF&E available for use by the new tenant. The restaurant opens up to two spacious courtyards, providing additional seating. The space allows seating for 100+ indoors and unlimited seating outdoors.

Key Highlights

  • Prime location on Prytania Street, between Josephine Street and Jackson Avenue, near the St. Charles Streetcar Line.
  • Fully equipped kitchen with all FF&E included.
  • Approximately 4,054 SF restaurant space on the first floor.

Property Analytics

Current Use

Magnolia Mansion Hotel & Motel 2127 Prytania Hotel & Motel

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Tanning Salon Locksmith Pet Store & Service Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.11 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,688
Businesses Nearby
84k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 61% Shops & Services 25% Office Supplies 7% Electronics 5%
Raising Cane's Chicken Fingers Dining
19,194 visits/mo 0.5 miles
Houston's Dining
15,342 visits/mo 0.2 miles
Shell Shops & Services
10,496 visits/mo 0.4 miles
Burger King Dining
10,204 visits/mo 0.3 miles
Chase Bank Shops & Services
8,500 visits/mo 0.1 miles

Demographics for 70130, LA

14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value

Market

Lease Benchmarks for New Orleans, LA

$27.5 /SF/Yr
Avg Asking Price
$6.84–$54.5 /SF/Yr
Price Range
2,569 SF
Avg Space Size

This space is priced 25% below the average of $27.5 /SF/Yr.

Properties on Market for Restaurants in New Orleans

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019
7.2% 2020
5.7% 2021
4.3% 2022
3.6% 2023
3.9% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

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  • Highlights Catering — 3122 Magazine St, New Orleans, LA 70115
  • NOLA CATERING AND HOSPITALITY Services LLC — 3601 Coliseum St, New Orleans, LA 70115

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant space for lease in historic Magnolia Mansion.
Where is this restaurant located?
The property is located at 2127 Prytania Street New Orleans, LA.
What is the lease rate?
The lease rate is $7,000 /Mo.
What are key features of this property?
This property features: Prime location on Prytania Street, between Josephine Street and Jackson Avenue, near the St. Charles Streetcar Line.; Fully equipped kitchen with all FF&E included.; Approximately 4,054 SF restaurant space on the first floor.
More about this property
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