1920 Magazine St - Storefront Retail/Residential FOR SALE


New Orleans, LA 70130- Lower Garden District
$995,000 USD
1920 Magazine St, New Orleans, LA for Sale
$995,000 USD
Storefront Retail/Residential - FOR SALE
1/32
null | 8% Cap Rate

1920 Magazine St
New Orleans, LA 70130
Lower Garden District


OVERVIEW

Prominently located in the dynamic corridor of the 1900 block of Magazine Street, the property is tenant-occupied and allows for a variety of redevelopment opportunities. Take advantage of this prime opportunity to acquire an under-rented retail space near the highly anticipated River District development approaching the end of its lease term. The property is leased to the Vintage Market by Trashy Diva. Nearby restaurants, retail shops, bars, and personal service establishments create a cohesive environment that is easily accessible by residents of the Lower Garden District, the Irish Chanel, and the incoming mixed-use River District development.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1860

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

HU-B1

APN/PARCEL ID

4-11-2-031-11

ASK ABOUT THIS PROPERTY

Jeffrey Doussan, Jr.Keller Williams Realty New OrleansMore Info

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Jeffrey Doussan, Jr.Keller Williams Realty New OrleansMore Info

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