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5631 Magazine St
New Orleans, LA 70115
Office Property For Sale
Executive Summary
Available for sale, 5631 Magazine Street presents a rare opportunity to acquire an extremely well-located, multi-tenant property in the heart of Uptown New Orleans. Positioned directly across from Whole Foods, the property benefits from exceptional visibility, consistent foot traffic, and proximity to some of the city’s most popular retail, dining, and lifestyle destinations. The building is currently configured as three commercial units:
District Donuts, a popular local favorite, occupies the ±300 SF corner suite under an absolute NNN lease at $2,250/month, with ±3 years remaining and strong desire to stay.
Love Weld, a national jewelry retailer, recently executed a new lease and is currently paying $4,750/month NNN.
The rear office suite, a former residential unit converted into a boutique office space—includes three private offices, a full kitchen, conference area, off-street parking, and reception. It is currently leased through the end of 2026 at $4,000/month NNN but may be available to an owner/occupant.
With in-place income and high-quality tenants, 5631 Magazine offers flexibility for investors seeking steady returns or owner-occupants looking to establish a presence on one of the city’s premier commercial corridors.
District Donuts, a popular local favorite, occupies the ±300 SF corner suite under an absolute NNN lease at $2,250/month, with ±3 years remaining and strong desire to stay.
Love Weld, a national jewelry retailer, recently executed a new lease and is currently paying $4,750/month NNN.
The rear office suite, a former residential unit converted into a boutique office space—includes three private offices, a full kitchen, conference area, off-street parking, and reception. It is currently leased through the end of 2026 at $4,000/month NNN but may be available to an owner/occupant.
With in-place income and high-quality tenants, 5631 Magazine offers flexibility for investors seeking steady returns or owner-occupants looking to establish a presence on one of the city’s premier commercial corridors.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
3,300 SF
Building Class
B
Year Built
1920
Price
$1,650,000
Price Per SF
$500
Cap Rate
8%
NOI
$132,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,650 SF
Building FAR
0.85
Lot Size
0.09 AC
Zoning
HU-B1 - General Commercial Zone
Property Taxes
| Parcel Number | 6-15-1-030-02 | Improvements Assessment | $27,410 |
| Land Assessment | $17,550 | Total Assessment | $44,960 |
Property Taxes
Parcel Number
6-15-1-030-02
Land Assessment
$17,550
Improvements Assessment
$27,410
Total Assessment
$44,960
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