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5808 Magazine St 3,585 SF 32% Leased Retail Building New Orleans, LA 70115 $1,395,000 ($389.12/SF)
INVESTMENT HIGHLIGHTS
- Great Investment Opportunity!
EXECUTIVE SUMMARY
5808 Magazine Street is a newly built 3-story mixed-use asset positioned along one of New Orleans' highest visibility commercial corridors. This turnkey property blends retail/restaurant potential on the ground and second floors with a luxury third-floor residential penthouse, delivering flexibility for an owner-occupant, investor, or operator. Strategically located between Nashville Avenue and State Street, the property captures heavy daily foot and vehicle traffic, surrounded by best-in-class neighborhood retailers such as SABA, AVO, Bistro Daisy, and Whole Foods.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,585 SF
Building Class
B
Year Built
2021
Price
$1,395,000
Price Per SF
$389.12
Percent Leased
32%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.69
Lot Size
0.12 AC
Zoning
HU-B1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6-15-1-028-17 | Improvements Assessment | $103,020 |
| Land Assessment | $13,500 | Total Assessment | $116,520 |
PROPERTY TAXES
Parcel Number
6-15-1-028-17
Land Assessment
$13,500
Improvements Assessment
$103,020
Total Assessment
$116,520
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5808 Magazine St
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