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    212 Magazine St New Orleans, LA 70130

    For Lease
    $27 SF/Yr

    Prime New Orleans CBD Retail Space

    Lot size:
    16,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional retail opportunity is located in the prestigious Picayune Place Historic District of New Orleans, Louisiana, at 212 Magazine Street. The property boasts a total of 16,290 square feet spread across four stories, offering a unique and highly visible presence in a vibrant commercial area. Currently, one retail space of 1,835 square feet is available for lease. The building is situated in the heart of the Central Business District (CBD), a mere one and a half blocks from Canal Street, the French Quarter, and Caesars Casino & Hotel, ensuring high foot traffic and excellent visibility. Its strategic location between the Ruby Slipper Restaurant and Golden File Nail & Spa provides further advantages. The property is zoned CBD-2, and while on-site parking is not available, its prime location offers easy access to various public transportation options and nearby parking facilities. This is an unparalleled chance to establish a business in a historic and thriving New Orleans neighborhood. The building's impressive size and prominent location make it ideal for a variety of retail uses. Interested parties should inquire about lease terms and availability. The address is 212 Magazine St, New Orleans, LA 70130, situated at the cross streets of Common and Gravier Streets.

    Property Features for 212 Magazine St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,290 SF
    Total Rate
    37331.25

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Suite A
    Size
    1,835 SF
    Rate per SF
    $27
    Property Profile Location Intelligence

    Current Use by Public Records

    Golden File Nails ... Nail Salon New Orleans Vacation ... Lodging

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0673548
    Latitude
    29.9507613

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    FAQs

    What type of property is this?
    Retail property - Prime New Orleans CBD Retail Space
    Where is this retail property located?
    The property is located at 212 Magazine St New Orleans, LA.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    Request Owner's contact information
    212 Magazine St New Orleans, LA 70130
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    New Orleans, LA 70130
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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
    212 Magazine St New Orleans, LA 70130
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