1418 Magazine St

Retail: Mixed Use
Pending

1418 Magazine St, New OrleansLA 70130

Property Details

Location

Address
1418 Magazine St, New OrleansLA 70130
County
Orleans Parish
Submarket
Uptown-Garden District
Parcels
41145546

Building Size

Building Size
Rentable Space
3,174 SF

Building Details

Type
 Retail: Mixed Use  
 Pending
Number of Buildings
1
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.09 Acres
Land (SF)
3,920 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
HU-RD2 (LEGAL NON-CONFORMING)
Lot Depth
Lot Width

Contacts

Current Listings

Magazine Street Mixed Use Restaurant/Apartments

3,174 SF$975,000

1418 Magazine Street offers an extremely well-located Magazine Street mixed-use property for sale in the heart of the Lower Garden District. Surrey’s Cafe currently leases the ground floor restaurant space on a month-to-month basis, which has been there for over 18 years and is currently paying $3,200/month although they are overdue for a rent increase. Two apartments are located on the second floor both with balconies and exterior space overlooking Magazine Street. The smaller of the apartments (450 SF) is leased for 6 months at $895/month, while the larger unit (800 SF) is vacant and expected to lease for $1,500/month.

The property is ideal for an owner/occupier to take over the restaurant space with additional income from the upstairs apartments or for an investor looking for stable income in a highly desirable area.

The space is within walking distance to Mojo Coffee, The Hotel Saint Vincent, Gris Gris, Barrel Proof, French Truck Coffee, and a host of other retailers, restaurants, and destinations.

Business is not for sale, do not approach employees.

1418 Magazine Street offers an extremely well-located Magazine Street mixed-use property for sale in the heart of the Lower Garden District. Surrey’s Cafe currently leases the ground floor restaurant space on a month-to-month basis, which has been there for over 18 years and is currently paying $3,200/month although they are overdue for a rent increase. Two apartments are located on the second floor both with balconies and exterior space overlooking Magazine Street. The smaller of the apartments (450 SF) is leased for 6 months at $895/month, while the larger unit (800 SF) is vacant and expected to lease for $1,500/month.

The property is ideal for an owner/occupier to take over the restaurant space with additional income from the upstairs apartments or for an investor looking for stable income in a highly desirable area.

The space is within walking distance to Mojo Coffee, The Hotel Saint Vincent, Gris Gris, Barrel Proof, French Truck Coffee, and a host of other retailers, restaurants, and destinations.

Business is not for sale, do not approach employees.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: LACDB

More Information

©Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither LACDB nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

Commercial Exchange is a national commercial real estate marketplace powered by Catylist.