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    5000 Magazine St New Orleans, LA 70115

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    For Sale
    $1,000,000

    Vacant lot in Uptown neighborhood with development potential.

    Property size:
    4,200 SF
    Lot size:
    0.10 Acres

    Property Features for 5000 Magazine St

    General Information

    Size
    4,200 SF
    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

    Uptown Vacant Lot For Sale

    This vacant lot is located at the corner of Magazine and Robert Streets in the Uptown neighborhood. The property is zoned HU-B1, offering development potential for commercial, mixed-use, and residential projects. The lot allows for a three-story building of 40’ with no off-street parking required. The property has maximum visibility and accessibility. Numerous local restaurants, retailers and schools are in close proximity, including Tito’s Ceviche & Pisco, Pizza Domenica, St. Katharine Drexel Preparatory School, etc. The property size is 4,200 square feet. Buyer to verify permitted use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -90.1092934
    Latitude
    29.9201603

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    FAQs

    What type of property is this?
    Land - Vacant lot in Uptown neighborhood with development potential.
    Where is this land located?
    The property is located at 5000 Magazine St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime Uptown location at the corner of Magazine and Robert Streets, offering maximum visibility and accessibility.; - HU-B1 zoning allows for diverse commercial, mixed-use, and residential development opportunities.; - Potential for a three-story building up to 40 feet in height.
    (512) 799-3069
    Request Owner's contact information
    5000 Magazine St New Orleans, LA 70115
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    New Orleans, LA 70115
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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
    5000 Magazine St New Orleans, LA 70115
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