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    5924 Magazine St New Orleans, LA 70115

    Sponsored
    For Lease
    $20 SF/Yr ($3,333 /Mo)

    Prime New Orleans Retail Opportunity

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,000-square-foot retail space is ideally located at 5924 Magazine Street in New Orleans, Louisiana (zip code 70115). Currently configured as a fitness studio, this single-tenant property presents a versatile opportunity for a variety of businesses. The space benefits from its existing layout, which is well-suited for low-traffic retail uses such as a clothing boutique or pop-up art gallery. The property's attractive features include access to a beautifully landscaped courtyard, enhancing the overall appeal and providing a pleasant environment for both tenants and customers. The property is currently occupied, so all showings require advance notice and coordination. Please allow 24 hours for scheduling. The existing tenant's fixtures, furniture, and equipment (FF&E) may be available for purchase separately, offering a potential advantage for a new tenant. The property's Assessed Parcel Number (APN) is 615102715. This location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a vibrant New Orleans neighborhood. Serious inquiries only.

    Property Features for 5924 Magazine St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF
    Total Rate
    3333.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,000 SF
    Rate per SF
    $20

    HighLights

    • 2,000‑square‑foot retail space at 5924 Magazine Street, New Orleans, LA 70115.
    • Currently configured as a fitness studio, suitable for various retail uses.
    • Features a landscaped courtyard and excellent visibility.
    • Occupied; showings require 24‑hour notice.
    • Existing tenant's FF&E may be available for purchase.
    • APN: 615102715.
    Property Profile Location Intelligence

    Current Use by Public Records

    City Surf Fitness ... Gym

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1205056
    Latitude
    29.9215957

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    FAQs

    What type of property is this?
    Retail property - Prime New Orleans Retail Opportunity
    Where is this retail property located?
    The property is located at 5924 Magazine St New Orleans, LA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 2,000-square-foot retail space at 5924 Magazine Street, New Orleans, LA 70115.; Currently configured as a fitness studio, suitable for various retail uses.; Features a landscaped courtyard and excellent visibility.
    Request Owner's contact information
    5924 Magazine St New Orleans, LA 70115
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    New Orleans, LA 70115
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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
    5924 Magazine St New Orleans, LA 70115
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