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    2109 Magazine St New Orleans, LA 70130

    For Sale
    $2,375,000

    Three contiguous retail/office buildings in a high-traffic shopping area.

    Property size:
    7,850 SF

    Property Features for 2109 Magazine St

    General Information

    Size
    7,850 SF

    Building Details

    Year built
    1860

    Source: Rich Stone, CCIM Agent Rich Stone, CCIM

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

    Overview

    Lower Garden District Retail/Office Buildings

    Three adjacent and contiguous retail/office buildings, constructed around 1860, are available for purchase. Located in a busy section of the Lower Garden District shopping corridor, these properties offer potential for various creative uses. The buildings, while separate properties of record, can be combined in multiple ways to suit different needs. The location is a popular shopping destination for both local residents and tourists, with convenient access from downtown via the No. 11 bus stop located less than a block away. The gross floor area totals 7,850 square feet, with a net floor area of 7,006 square feet. An outdoor rear courtyard area offers expansion possibilities with the removal of existing storage buildings. The property at 2115 Magazine has central HVAC. All new roofs were installed in 2022. Zoned HU-B1 Historic Urban Neighborhood Business District, the properties allow for a variety of commercial and residential uses, presenting an investment or owner/user opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Monomini Children'S Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Harkins the Florist Inc, Ambrose Garden Florists, Kim Starr Wise Floral Events, pick-a-petal floral design, Pamela Dennis Flowers

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0760832
    Latitude
    29.9301967

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    FAQs

    What type of property is this?
    Storefront property - Three contiguous retail/office buildings in a high-traffic shopping area.
    Where is this storefront property located?
    The property is located at 2109 Magazine St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,375,000.
    What are key features of this property?
    This property features: - Prime location in the Lower Garden District shopping corridor, popular with locals and tourists.; - Three adjacent buildings offer flexible options for combination and expansion.; - **7,850 SF gross floor area provides substantial space for retail or office use.**
    (504) 569-9319
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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
    2109 Magazine St New Orleans, LA 70130
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