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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3019 Magazine St New Orleans, LA 70115

Built 2014
Property ID
Property summary
AI-generated overview

This exceptional 900-square-foot office space, located at 3019 Magazine Street, Unit B, New Orleans, LA 70115, presents a unique opportunity in the highly sought-after Lower Garden District. Built and renovated in 2014, this single-tenant space is situated in a charming, historic building and offers a blend of traditional and modern appeal. The property features three interconnected office suites, allowing for flexible configurations to suit various business needs. Each suite is accessible from a central hallway, providing both privacy and collaborative potential. A private rooftop veranda adds a unique amenity, perfect for outdoor breaks or client meetings. The space is ideally located between 7th and 8th Streets, within walking distance of numerous restaurants, boutiques, and art galleries, ensuring high visibility and convenient access to local amenities. Utilities are handled efficiently, with the landlord covering water and sewerage, while tenants are responsible only for their individual electricity. Real estate taxes and building insurance are included in the monthly rent. Available November 15, 2024, with flexible lease terms (minimum 12 months, longer terms preferred). This is a rare chance to establish your business in a prime location within a vibrant and historic New Orleans neighborhood. The building is a two-story structure without elevators.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2014
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BootKreweMedia Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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