11
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$1,650,000
Est. payment /mo
3,300 SqFt
New
5631 MAGAZINE ST New Orleans, LA 70115
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $500
MLS Listing ID 2515379
HOA Y/N No
Year Built 1920
Property Description
Available for sale, 5631 Magazine Street presents a rare opportunity to acquire a 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 five years remaining on their initial term (lease negotiations in progress).
Love Weld, a national jewelry retailer, recently renewed their lease for an additional 1.5-year term and is currently paying $4,500/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 on a month-to-month basis at $4,000/month NNN but is 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 five years remaining on their initial term (lease negotiations in progress).
Love Weld, a national jewelry retailer, recently renewed their lease for an additional 1.5-year term and is currently paying $4,500/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 on a month-to-month basis at $4,000/month NNN but is 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.
Location
State LA
County Orleans
Community Common Grounds/Area
Zoning HU-B1
Interior
Fireplace No
Exterior
Parking Features One Space
Community Features Common Grounds/Area
Water Access Desc Public
Building
Lot Description Corner Lot, City Lot, Rectangular Lot
Dwelling Type Office,Retail
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 41049583
Special Listing Condition None
Listed by Ben & Burka
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