Restaurant-Ready Storefront with HU-B1
For Sale
Contact for pricing
4519 Magazine St, New Orleans, LA 70115
HU-B1 zoning supports restaurant or mixed-use development in a retail and dining corridor.
Property Size4,300 SF
Price / SF$0.01
Days on Market439
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Property Features for 4519 Magazine St
General Information
Standard status
Active
Size
4,300 SF
Property subtype
Retail
Zoning
HU-B1
Lease Type
Modified Gross
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Listing Agency:
Reve REALTORS
Listed By:
Erin Hubert · License #995698328
(504) 218-6071
Source:
Lacdb.resimplifi
Added: Aug 3, 2025
Changed: Oct 7
Last Checked: Oct 14 at 7:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reve REALTORS
Investment Insights
Based on property information with market context.
This 4,300-square-foot storefront property at 4519 Magazine St offers a commercial setting for restaurant or mixed-use development. The site carries HU-B1 zoning and is available for either sale or lease, providing flexibility for an owner-user or occupant seeking a Magazine Street location.
The property sits in Uptown New Orleans along Magazine Street, near established retail and dining destinations with reported pedestrian activity. It also qualifies for tax credits, adding a documented program benefit to the property’s zoning and location characteristics.
The property sits in Uptown New Orleans along Magazine Street, near established retail and dining destinations with reported pedestrian activity. It also qualifies for tax credits, adding a documented program benefit to the property’s zoning and location characteristics.
Key Highlights
- 4,300‑square‑foot storefront property
- HU‑B1 zoning
- Restaurant or mixed‑use development opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,521
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,420
$750.4K
Cap Rate 7%
$536,014
$536.0K
Cap Rate 9%
$416,900
$416.9K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$54.7K $12.72/SF
− Vacancy
−$1.1K −$0.25/SF
EGI
$53.6K $12.47/SF
− OpEx
−$16.1K −$3.74/SF
NOI
$37.5K $8.73/SF
Area
ZIP 70115
Vacancy
2.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,420
Cap Rate 7%
$536,014
Cap Rate 9%
$416,900
Alternative Uses
Best Use
Mixed Use
$746.4K
$653.1K – $870.8K
NOI $52,245 @ 7.0% cap · market cap 124,392.86%
Second Best
Specialty Retail
$574.3K
$502.5K – $670.0K
NOI $40,202 @ 7.0% cap · market cap 95,719.05%
Theoretical Best
Office A
$1.13M
$992.7K – $1.32M
NOI $79,412 @ 7.0% cap · market cap 189,076.19%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,217
Businesses Nearby
71k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Dining 14%
Shops & Services 13%
Apparel 12%
Rouses Market
Groceries
39,840 visits/mo
0.3 miles
Buffalo Exchange
Apparel
4,783 visits/mo
0.3 miles
Chase Bank
Shops & Services
4,681 visits/mo
0.5 miles
Yogurtland
Dining
3,562 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,370 visits/mo
0.3 miles
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Orleans, LA
Similar Off Market Nearby
- Rue Magnolia I LLC — 526 leontine st, new orleans, la 70115
- Leaf + Petal NOLA — 4737 Tchoupitoulas St, New Orleans, LA 70115
- Nola Flora — 4536 Magazine St, New Orleans, LA 70115
Frequently Asked Questions
What type of property is this?
Storefront property - HU-B1 zoning supports restaurant or mixed-use development in a retail and dining corridor.
Where is this storefront property located?
The property is located at 4519 Magazine St New Orleans, LA.
What are key features of this property?
This property features: 4,300‑square‑foot storefront property; HU‑B1 zoning; Restaurant or mixed‑use development opportunity
