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    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:
    391
    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

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    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
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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
    1904 Magazine St New Orleans, LA 70130
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