747 Magazine St, Unit 6 New Orleans, LA 70130-7915
- Office Properties & Spaces
- 3,827 SF
- 0.06 lot acres
Current Use by Public Records
- Dukes of Dixie Land / Music Venue / Theater & Performing Art Venue
- Rodrigue Steinway / Tutoring Service / Training Center
- Talbot Realty Group / Real Estate Agency
- George Rodrigue Foundation of the Arts / Charitable Organization / Social Service Agency
- Joseph Shine, PT / Physician
Property Details for 747 Magazine St
- Year built
- 1867
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Property size
- 3,827 SF
- Property type
- Office Properties & Spaces
- APN
- 103103127
- APU
- 103103127
Description
This exceptional 4,898 square foot creative office space is ideally situated on Magazine Street in Orleans Parish. The single-tenant occupancy offers unparalleled flexibility and control for a discerning business. The property boasts a highly desirable location, providing easy access to a wealth of neighborhood amenities, making it an attractive option for employees and clients alike. The building itself is well-maintained and offers a professional atmosphere, perfectly suited for businesses seeking a stylish and functional workspace. The spacious layout provides ample room for various office configurations, allowing for customization to meet specific business needs. This is a rare opportunity to secure a significant footprint in a vibrant and sought-after area of New Orleans. The property's prime location on Magazine Street ensures high visibility and accessibility, enhancing the overall appeal and potential for business growth. This single-tenant creative office space presents a unique chance to establish a strong presence in a thriving commercial district. The expansive square footage allows for a variety of uses, from traditional office setups to more innovative and collaborative work environments. The address alone speaks volumes about the prestige and desirability of this exceptional property. This is more than just an office; it's a statement. Serious inquiries only.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $925,000
- 7%
- $860,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,103,000
- AI Estimate
- $678,000
Market price range: $518k - $1.10MMarket price range: $97.2k - $678k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $895,000 Current use
- COMMERCIAL (GENERAL)
- $800,000 Change: -10% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.0694
- Latitude
- 29.946
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA