Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1904 Magazine St New Orleans, LA 70130

    Sponsored
    For Sale
    $5,000,000

    Five prime New Orleans storefronts.

    Property size:
    16,352 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of five retail properties totaling 16,352 square feet, located on the vibrant 1900 block of Magazine Street in New Orleans, Louisiana. The portfolio, encompassing addresses 1904, 1906, 1908/1910, 1912, and 1920 Magazine Street, boasts 100% occupancy with five separate tenants: Stardust Salon and Day Spa, The Tasting Room, MCMXII, Parish Parlor, and Vintage Market by Trashy Diva. The properties, built in 1900, are situated on two stories and feature a mix of ground floor and upper-level spaces. Approximately 10,880 square feet of contiguous space is available, offering significant redevelopment potential. The asking price is $5,000,000, translating to $305.77 per square foot. The properties are zoned HU-B1 and are offered fee simple. This prime location benefits from its proximity to the highly anticipated River District development and a thriving mix of restaurants, shops, bars, and services, attracting residents from the Lower Garden District and Irish Channel. The portfolio presents a unique chance to acquire under-rented retail spaces nearing the end of their lease terms in a high-demand area. The individual APNs are 411203105, 411203106, 411203107, 411203108, and 411203111. This is a multi-tenant property with significant upside potential for the savvy investor.

    Property Features for 1904 Magazine St

    General Information

    Property type
    Individual retail properties
    Square Feet
    16,352 SF

    Building Details

    Year Built
    1900
    Buildings
    5
    Stories
    2
    Units
    5

    HighLights

    • Five retail buildings totaling 16,352 square feet on Magazine Street, New Orleans.
    • 100% occupied with five tenants: Stardust Salon, The Tasting Room, MCMXII, Parish Parlor, and Vintage Market.
    • Two‑story buildings, circa 1900, with approximately 10,880 square feet of contiguous space available for redevelopment.
    • Asking price: $5,000,000 ($305.77/SF).
    • HU‑B1 zoning, fee simple ownership; APNs: 411203105, 411203106, 411203107, 411203108, and 411203111.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stardust Salon & Day ... Beauty Salon

    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
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0738372
    Latitude
    29.9313435

    Nearby Similar for Sale

    • $2,335,000
      6,849 SF

      Renovated Six-Unit Compound, New Orleans

      Fully renovated six-unit compound with gated parking and MU-2 zoning.
      1201 Baronne St, New Orleans, LA 70113
      View Details
    • $2,335,000
      6,849 SF

      Renovated Six-Unit Compound

      Fully renovated six-unit compound with gated parking and MU-2 zoning.
      1201 Baronne St, New Orleans, LA 70113
      View Details
    • $599,900
      2,944 SF

      Bywater Duplex on Oversized Lot

      Classic New Orleans duplex with modern updates and strong rental potential.
      1021 Poland Ave, New Orleans, LA 70117
      View Details
    • $2,340,000
      6,069 SF

      French Quarter Income Property

      Historic French Quarter multi-family property with seven income-producing units.
      1309 Dauphine St, New Orleans, LA 70116
      View Details
    • $1,399,500
      3,367 SF

      Restored Double Gallery in New Orleans

      Historic duplex with modern updates and income potential.
      922 Melpomene St, New Orleans, LA 70130
      View Details
    • $3,270,000
      10,242 SF

      Irish Channel Oasis Portfolio

      Turnkey investment property with resort-style amenities in vibrant New Orleans.
      917-925 Washington Ave, New Orleans, LA 70130
      View Details
    • $3,270,000
      10,242 SF

      Irish Channel Oasis Portfolio

      Turnkey investment property with resort-style amenities in vibrant New Orleans.
      917-925 Washington Ave, New Orleans, LA 70130
      View Details
    • $1,350,000
      6,659 SF

      New Orleans Multifamily Investment Opportunity

      Well-maintained multifamily property near Tulane and Loyola Universities.
      2108 Broadway St, New Orleans, LA 70118
      View Details
    • $1,475,000
      3,742 SF

      Historic Creole Cottage Duplex

      Restored 1809 Creole Cottage in the French Quarter.
      1019 St Peter St, New Orleans, LA 70116
      View Details
    • $1,599,000
      3,023 SF

      Elegant Lower Garden District Duplex

      Charming New Orleans duplex with modern amenities and city views.
      1113 Thalia St, New Orleans, LA 70130
      View Details
    • $649,900
      2,233 SF

      Historic Marigny Corner Grocery Home

      Charming New Orleans home, potential duplex in walkable location.
      2632-34 Dauphine St, New Orleans, LA 70117
      View Details
    • $875,000
      4,025 SF

      Bayou St. John Triplex

      Triplex near Bayou St. John, New Orleans.
      2817 Ursulines Ave, New Orleans, LA 70119
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Five prime New Orleans storefronts.
    Where is this individual retail property located?
    The property is located at 1904 Magazine St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Five retail buildings totaling 16,352 square feet on Magazine Street, New Orleans.; 100% occupied with five tenants: Stardust Salon, The Tasting Room, MCMXII, Parish Parlor, and Vintage Market.; Two-story buildings, circa 1900, with approximately 10,880 square feet of contiguous space available for redevelopment.
    Request Owner's contact information
    1904 Magazine St New Orleans, LA 70130
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1904 Magazine St
    New Orleans, LA 70130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1904 Magazine St New Orleans, LA 70130
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.