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1900 Block Portfolio 4 Retail Properties Offered at $3,897,888 CAD in New Orleans, LA
Investment Highlights
- Prominently located in the dynamic corridor of the 1900 block of Magazine Street
- great visibility
- High traffic area
- Tenants in all buildings
Executive Summary
Prominently located in the dynamic corridor of the 1900 block of Magazine Street, the portfolio consists of 4 retail properties totaling 11,200 square feet that are all occupied by separate tenants. 10,880 SF of contiguous space, approximately 6,480 SF of ground floor, allows for a variety of redevelopment opportunities.
Take advantage of this prime opportunity to acquire under rented retail spaces approaching the end of lease term near the highly anticipated River District development.
Portfolio consists of 1904 Magazine St, 1906 Magazine St, 1908 / 1910 Magazine St, 1912 Magazine St, respectively leased to Stardust Salon and Day Spa, The Tasting Room, vacant space, and Parish Parlor.
Nearby restaurants, retail shops, bars, and personal service establishments create a cohesive environment that is easily accessible by residents of the Lower Garden District, the Irish Chanel, and the incoming mixed use River District development.
Take advantage of this prime opportunity to acquire under rented retail spaces approaching the end of lease term near the highly anticipated River District development.
Portfolio consists of 1904 Magazine St, 1906 Magazine St, 1908 / 1910 Magazine St, 1912 Magazine St, respectively leased to Stardust Salon and Day Spa, The Tasting Room, vacant space, and Parish Parlor.
Nearby restaurants, retail shops, bars, and personal service establishments create a cohesive environment that is easily accessible by residents of the Lower Garden District, the Irish Chanel, and the incoming mixed use River District development.
Property Facts
| Price | $3,897,888 CAD | Number of Properties | 4 |
| Price / SF | $348.03 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 11,200 SF |
| Sale Type | Investment | Total Land Area | 0.27 AC |
| Status | Active |
| Price | $3,897,888 CAD |
| Price / SF | $348.03 CAD / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 11,200 SF |
| Total Land Area | 0.27 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1904 Magazine St, New Orleans, LA 70130 | Retail | 2,800 SF | - | - |
| 1906 Magazine St, New Orleans, LA 70130 | Retail | 2,800 SF | 1900 | - |
| 1908/1910 Magazine St, New Orleans, LA 70130 | Retail | 2,800 SF | 1900 | - |
| 1912 Magazine St, New Orleans, LA 70130 | Retail | 2,800 SF | 1900 | - |
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Contact
-
Jeffrey Doussan, Jr. -
Keller Williams Realty New Orleans
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1900 Block Portfolio
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