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70130
1904 Magazine St

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FOR SALE

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1904 Magazine St, New Orleans, LA 70130

2,800 SF 0.04 ac lot Built 1900

Entity Owned Free & Clear

Property ID

US36-0064631

$2,850,000 2,800 SF

1904 Magazine St, New Orleans, LA 70130
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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.