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    1418 Magazine St New Orleans, LA 70130

    For Sale
    $925,000

    Mixed-use property in the Garden District with commercial and residential units.

    Property size:
    3,174 SF

    Property Features for 1418 Magazine St

    General Information

    Size
    3,174 SF

    Building Details

    Year built
    1870

    Source: Eli Gunesebakan, CCIM, SIOR Agent Eli Gunesebakan, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Garden District Mixed-Use Property

    The property at 1418 Magazine St is a mixed-use building featuring three fully occupied units: one commercial and two residential. The downstairs unit is leased to Surrey's Cafe, a restaurant that has been in operation for over 18 years, with the current lease extending through 2026. The two residential units occupy the entire second floor, each including balconies and exterior space that overlook Magazine Street. The property is located in the Garden District, offering close proximity to the New Orleans CBD and major tourism locations. The property is fully occupied and has potential for rent increases. The property size is 3174 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Surrey's Café & Juice ... American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0719113
    Latitude
    29.9358136

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    FAQs

    What type of property is this?
    Conventional restaurant - Mixed-use property in the Garden District with commercial and residential units.
    Where is this conventional restaurant located?
    The property is located at 1418 Magazine St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime Garden District location on Magazine Street; - Mixed-use property with commercial and residential units; - Fully occupied with established tenant (Surrey's Cafe) leased through 2026
    (504) 401-4900
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    1418 Magazine St New Orleans, LA 70130
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    New Orleans, LA 70130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1418 Magazine St New Orleans, LA 70130
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