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    4119 Magazine St New Orleans, LA 70130

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    For Sale
    $1,850,000

    Prime NNN retail investment property on Magazine Street for sale.

    Lot size:
    0.10 Acres

    Property Features for 4119 Magazine St

    General Information

    Lot size
    0.10 Acres

    Source: ben + burka Agent Aaron Kazanoff

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

    Overview

    Magazine Street NNN Investment Opportunity

    Located on Magazine Street, this property presents an NNN investment opportunity in the Magazine Street commercial corridor. The property is occupied by Buffalo Exchange since 2015, with over five years remaining on a recently renewed lease. The lease includes annual 2.75% rental increases beginning in November. The corporately guaranteed NNN lease requires ownership to maintain only the roof and structure. A new roof was installed after Hurricane Ida. The property features high ceilings, abundant natural light, strong street presence, and ample mezzanine office and meeting space, offering a retail environment. It is surrounded by a mix of local and national retailers, restaurants, and businesses, including Waxing the City, Shaya, Neal Auction, Kiehl’s, Warby Parker, Indochino, Free People, and Untuckit. The property is situated in one of New Orleans’ retail corridors, known for its demographics and foot traffic.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Joy of Wellness Reiki Therapist Buffalo Exchange Used Clothing Store

    Suggested Use

    Law Firm Restaurant Realty agency 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
    -90.0985476
    Latitude
    29.9213244

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    FAQs

    What type of property is this?
    Retail space - Prime NNN retail investment property on Magazine Street for sale.
    Where is this retail space located?
    The property is located at 4119 Magazine St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - NNN lease with over five years remaining and corporately guaranteed.; - Located in a high-traffic, vibrant retail corridor on Magazine Street.; - Tenant (Buffalo Exchange) has occupied the property since 2015.
    (512) 799-3069
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    4119 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
    4119 Magazine St New Orleans, LA 70130
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