Restaurant Building with
For Sale
$679,000
Pending
4729 MAGAZINE Street, New Orleans, LA 70115
Commercial Sale, New Orleans, LA
Property Size2,045 SF
Days on Market21
Property Features for 4729 MAGAZINE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HU-B1
Directions
Lakeside of Magazine St, 4 blocks uptown side of Napoleon Ave.
Standard status
Pending
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1909
Floors in Building
1
Flooring type
Wood, Tile
Building materials
Frame, Wood Siding
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Chris M Smith · License #000009641
(504) 231-2004
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 26 at 8:06AM
MLS# 2580397
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,045-square-foot restaurant property at 4729 Magazine Street in New Orleans includes a dining room configured for up to 75 guests, a built-in bar, three restrooms, a commercial kitchen with equipment, a private office, and rear storage. A courtyard sits at the front of the building. Furniture and fixtures may be included in a sale. The structure dates to 1909 and has frame construction with wood siding; interior flooring includes tile and wood.
The property is four blocks from Napoleon Avenue along Magazine Street. It is served by public water and sewer, with natural gas available, and is zoned HU-B1.
The property is four blocks from Napoleon Avenue along Magazine Street. It is served by public water and sewer, with natural gas available, and is zoned HU-B1.
Key Highlights
- Restaurant layout with dining capacity for up to 75 guests
- 2,045 square feet; built in 1909
- Built‑in bar, equipped kitchen, three restrooms, office, and rear storage
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.
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Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - HU-B1 zoning accompanies a restaurant layout with dining, kitchen, bar, office, and rear storage areas.
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: Restaurant layout with dining capacity for up to 75 guests; 2,045 square feet; built in 1909; Built‑in bar, equipped kitchen, three restrooms, office, and rear storage
