$925,000 USD
504-340-9339
1418 Magazine St
New Orleans, LA 70130
Lower Garden District
HIGHLIGHTS
- Prime Garden District Mixed-Use Property at 1418 Magazine St
- 1418 Magazine St is a mixed-use property comprising 3 fully-occupied units: 1 commercial and 2 residential
- The entire downstairs unit is currently utilized as a restaurant, leased through 2026 by Surrey's Cafe, which has been there for over 18 years
- The residential units comprise the entire second foor, both with balconies and exterior space overlooking Magazine Street
- This property is fully occupied with potential for rent increases
- Located in the heart of the Garden District, it is in close proximity to New Orleans
FOR SALE DETAILS
PRICE
$925,000 USD
PRICE/SF
$291 USD /SF
CAP RATE
6.4%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Restaurant, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.08 AC
LAND SF
3,485 SF
ZONING
HU-RD2 (Legal NonConform)
APN/PARCEL ID
1-01-1-041-03
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504-340-9339
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504-340-9339
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