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    5015 Magazine St New Orleans, LA 70130

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    For Lease
    $5,000 /Mo ($48 SF/Yr)

    Built-out restaurant space with parking and patio on Magazine Street.

    Property size:
    1,250 SF
    Lot size:
    0.08 Acres

    Property Features for 5015 Magazine St

    General Information

    Size
    1,250 SF
    Lot size
    0.08 Acres

    Source: ben + burka Agent Aaron Kazanoff

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

    Overview

    Magazine Street Restaurant Space Available

    Located on Magazine Street, this property offers approximately 1,250 square feet of built-out and licensed restaurant space. The space, formerly Tito’s Ceviche & Pisco, features off-street parking during dinner hours and weekends. The layout includes an open dining area, an equipped kitchen and prep areas with a hood, grease trap, stove, oven, salamander, and fryer, and a large walk-in cooler. Patio seating is available. The property is situated in Uptown New Orleans, providing visibility and access to dining, retail, and entertainment options, including Tal’s Hummus, St. James Cheese Company, La Boulangerie, and Appoline.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tito's Ceviche & Pisco Restaurant

    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.

    Similar Places Nearby

    Elliott's New Orleans Catering Co., Holy Crepes Catering, Dat Dog, Mahony's Po-boys, Highlights Catering

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1095318
    Latitude
    29.9206064

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    FAQs

    What type of property is this?
    Restaurant - Built-out restaurant space with parking and patio on Magazine Street.
    Where is this restaurant located?
    The property is located at 5015 Magazine St New Orleans, LA.
    What is the lease rate?
    The lease rate is $48 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on the coveted Magazine Street corridor in Uptown New Orleans.; - Built-out and licensed restaurant space (approx. 1,250 SF).; - Equipped kitchen and prep areas including hood, grease trap, stove, oven, salamander, and fryer.
    (512) 799-3069
    Request Owner's contact information
    5015 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
    5015 Magazine St New Orleans, LA 70130
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