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Property profile & analytics

1831 Magazine St New Orleans, LA 70130

  • Investment properties
  • 7,894 SF
  • 0.10 lot acres
OFF-MARKET
Value Estimations
$1,070,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US36-0503418
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Investment properties

Property Details for 1831 Magazine St

Year built
1880
Lot size
0.10 lot acres
Property size
7,894 SF
Property type
Investment properties
Property subtype
Live-work space
APN
411203306
APU
411203306

Description

This exceptional property at 1831 Magazine Street in New Orleans's vibrant Lower Garden District offers two distinct spaces ideal for retail or office use. The second floor, a ±2,200 square foot retail suite with an open floor plan, is immediately available under a NNN lease. This bright and spacious area benefits from excellent street frontage on Magazine Street, placing your business in the heart of a bustling neighborhood known for its high foot traffic of locals and students. The third floor, a ±1,800 square foot office suite, is slated for completion in January 2025 and will be available then under a modified gross lease. Currently under renovation, this space is receiving new HVAC, plumbing, electrical, and drywall. The entire building totals 8,872 square feet, with 4,000 square feet currently vacant. Located in Orleans Parish, this property is surrounded by a diverse mix of restaurants, shops, and amenities, creating a dynamic and desirable environment for any business. This presents a unique opportunity to establish a presence in one of New Orleans's most sought-after neighborhoods, offering flexibility in lease terms and a prime location to attract customers and employees. The property's address is 1831 Magazine Street, New Orleans, LA 70130.


Value Estimations

based on Realmo’s proprietary methodology
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $1,655,000
    Current use
    RESTAURANT
    $1,495,000
    Change: -10% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
New Orleans
County
Orleans
State
Louisiana
Longitude
-90.0739
Latitude
29.9318
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$15,940
$132,040
$147,980
-
$159,400
$1,056,300
$1,215,700
More about this property
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