1900 Block Portfolio 4 Retail Properties Offered at $2,850,000 in New Orleans, LA

INVESTMENT HIGHLIGHTS

  • Prominently located in the dynamic corridor of the 1900 block of Magazine Street
  • great visibility
  • High traffic area
  • Tenants in all buildings

EXECUTIVE SUMMARY

Prominently located in the dynamic corridor of the 1900 block of Magazine Street, the portfolio consists of 4 retail properties totaling 11,200 square feet that are all occupied by separate tenants. 10,880 SF of contiguous space, approximately 6,480 SF of ground floor, allows for a variety of redevelopment opportunities.
Take advantage of this prime opportunity to acquire under rented retail spaces approaching the end of lease term near the highly anticipated River District development.
Portfolio consists of 1904 Magazine St, 1906 Magazine St, 1908 / 1910 Magazine St, 1912 Magazine St, respectively leased to Stardust Salon and Day Spa, The Tasting Room, vacant space, and Parish Parlor.
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.

PROPERTY FACTS

Price $2,850,000
Price / SF $254.46 / SF
Cap Rate 8%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 11,200 SF
Total Land Area 0.27 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1906 Magazine St, New Orleans, LA 70130 Retail 2,800 SF 1900 -
1908/1910 Magazine St, New Orleans, LA 70130 Retail 2,800 SF 1900 -
1912 Magazine St, New Orleans, LA 70130 Retail 2,800 SF 1900 -
1904 Magazine St, New Orleans, LA 70130 Retail 2,800 SF - -
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  • Listing ID: 35508381

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 1900 Block Portfolio, New Orleans, LA