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Magazine Street Restaurant Tenant Buyout
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4800 Magazine St, New Orleans, LA 70115

Magazine Street Turn‑Key Restaurant - Tenant Buyout Opportunity

Property Size1,180 SF
Days on Market95

Property Features for 4800 Magazine St

General Information

Standard status Active
Property type Conventional restaurants, Restaurants
Size 1,180 SF
Net Rentable 1,180 SF
Elevators N/A

Building Details

Year Built 1920
Year Renovated 2026
Buildings 1
Stories 1
Units 1
Listing Agency:
Listed By: Tal
Added: Apr 28 Changed: Apr 29

Investment Insights

Based on property information with market context.

This turn-key restaurant space on Magazine Street is available via tenant buyout and lease transfer. The space has operated as a successful restaurant for over 10 years, offering an incoming operator the chance to step into a fully built-out location with existing infrastructure. The property features a fully built-out commercial kitchen with an existing hood, grease trap, and back-of-house infrastructure. A dining room, service counter, and restrooms are in place. The location is suited for fast-casual, full-service, or counter-service concepts. The current tenant is seeking to vacate via tenant buyout and lease transfer, and a new operator will enter into a lease with the landlord, subject to landlord approval. The location offers strong visibility, a walkable neighborhood, and an established customer base. The current tenant is seeking a one-time payment in connection with the existing restaurant build-out and infrastructure, including equipment and improvements. The buyout amount and scope of included items are negotiable, based on concept, credit, and timing. The location is suited for operators who want to avoid long build-out timelines, permitting delays, and large upfront construction costs. The property size is 1180 square feet. The property is located on Magazine Street in New Orleans.

Property Analytics

Current Use

Tal's Hummus Restaurant

Suggested Use

Top Pick Accounting Firm Building Supply Auto Parts Store Electrical Service HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,656
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 36% Groceries 35% Home Improvements & Furnishings 11% Shops & Services 10%
The Fresh Market Groceries
22,387 visits/mo 0.5 miles
Starbucks Dining
16,635 visits/mo 0.1 miles
Floor & Decor Home Improvements & Furnishings
6,964 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
6,633 visits/mo 0.1 miles
Lush Cosmetics Beauty & Spa
5,387 visits/mo 0.2 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

Market

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019
7.2% 2020
5.7% 2021
4.3% 2022
3.6% 2023
3.9% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Magazine Street Turn‑Key Restaurant - Tenant Buyout Opportunity
Where is this conventional restaurant located?
The property is located at 4800 Magazine St New Orleans, LA.
More about this property
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