Restaurant Building with
New
For Sale
$679,000
4729 MAGAZINE Street, New Orleans, LA 70115
Commercial, New Orleans, LA
Property Size2,045 SF
Price / SF$332.03
Days on Market2
Property Features for 4729 MAGAZINE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HU-B1
Lot features
Regular
Subdivision
Uptown
Standard status
Active
APN
4729-MAGAZINEST
Size
2,045 SF
Taxes and HOA fees
Tax Description
SQ 235 LOT 10 PT 11 MAGAZINE 34X110
Legal Description
SQ 235 LOT 10 PT 11 MAGAZINE 34X110
Utilities
Water source
Public
Amenities
three separate restrooms
private business office
rear storage space
Building Details
Year built
1909
Floors in Building
1
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Chris Smith · License #000009641
(504) 231-2004
Added: Oct 6
Last Checked: Oct 7 at 3:06AM
MLS# 2580397
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,045-square-foot restaurant property at 4729 Magazine Street includes a dining room for up to 75 guests, a built-in bar, and a kitchen with major equipment in place. Three restrooms, a private office, rear storage, and a front courtyard round out the building. Constructed in 1909, the property has public water service and HU-B1 zoning.
The building is in New Orleans, four blocks from Napoleon Avenue. Furniture and fixtures may be included in a sale. The existing layout and kitchen equipment support restaurant use, while the property information also identifies potential for other commercial purposes.
The building is in New Orleans, four blocks from Napoleon Avenue. Furniture and fixtures may be included in a sale. The existing layout and kitchen equipment support restaurant use, while the property information also identifies potential for other commercial purposes.
Key Highlights
- 2,045 square feet with dining capacity for up to 75 guests
- Kitchen includes major equipment and a built‑in bar
- Three restrooms, private office, rear storage, and front courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,119
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,380
$382.4K
Cap Rate 7%
$273,129
$273.1K
Cap Rate 9%
$212,433
$212.4K
Market Conditions
NOI Build-Up for 2,045 SF
Gross rent
$26.0K $12.72/SF
− Vacancy
−$520 −$0.25/SF
EGI
$25.5K $12.47/SF
− OpEx
−$6.4K −$3.12/SF
NOI
$19.1K $9.35/SF
Area
ZIP 70115
Vacancy
2.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,380
Cap Rate 7%
$273,129
Cap Rate 9%
$212,433
Alternative Uses
Best Use
Specialty Retail
$273.1K
$239.0K – $318.7K
NOI $19,119 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.5K
$472.1K – $629.5K
NOI $37,767 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 60%
Dining 15%
Shops & Services 12%
Apparel 7%
Rouses Market
Groceries
39,840 visits/mo
0.3 miles
Buffalo Exchange
Apparel
4,783 visits/mo
0.5 miles
Chase Bank
Shops & Services
4,681 visits/mo
0.4 miles
Yogurtland
Dining
3,562 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,370 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A built-in bar, equipped kitchen, and dining capacity for 75 support continued restaurant use.
Where is this conventional restaurant located?
The property is located at 4729 MAGAZINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 2,045 square feet with dining capacity for up to 75 guests; Kitchen includes major equipment and a built‑in bar; Three restrooms, private office, rear storage, and front courtyard
