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3341 Magazine St
New Orleans, LA 70115
Retail Property For Sale
EXECUTIVE SUMMARY
Located on the extremely visible and high-traffic corner of Louisiana Ave and Magazine Street, 3341 Magazine Street offers investors or restaurant owner/operators an incredibly well-positioned trophy asset. The entire ground floor is occupied by Poke Loa, who is on a NNN lease that expires in 2026. Their space features multiple seating areas, large walk-ins, several food prep areas, and a retail/serving counter, in addition to large store front windows and wrap around historic awning. Two recently renovated 1 bedroom apartments are on the 2nd floor feature in-unit laundry, exterior balcony space, spacious kitchens, and original historic detailing. Currently, one unit is on a month-to month lease and the other is leased until December, 2025. The property is in excellent condition with no deferred maintenance and offers investors a chance to own an iconic building in an incredible location.
The property sits in one of the highest-trafficked stretches of Magazine Street. Frequented by locals and tourists alike, the property is close to local and national restaurants, bars, and retailers all along “restaurant row.”
The property sits in one of the highest-trafficked stretches of Magazine Street. Frequented by locals and tourists alike, the property is close to local and national restaurants, bars, and retailers all along “restaurant row.”
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,475 SF
Building Class
C
Year Built
1920
Price
$2,650,000
Price Per SF
$592.18
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.47
Lot Size
0.07 AC
Zoning
HU-B1
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 6-14-2-001-07 | Improvements Assessment | $45,780 |
| Land Assessment | $13,530 | Total Assessment | $59,310 |
PROPERTY TAXES
Parcel Number
6-14-2-001-07
Land Assessment
$13,530
Improvements Assessment
$45,780
Total Assessment
$59,310
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