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2801 Magazine St 22,546 SF 100% Leased Retail Building New Orleans, LA 70115 $14,446,110 CAD ($640.74 CAD/SF)



Executive Summary
Available for sale, this premier multi-tenant shopping center presents a rare investment opportunity along one of Magazine Street’s most coveted retail corridors in the Garden District / Irish Channel. With more than 32 dedicated off-street parking spaces, an exceptional amenity along this historic corridor, the property functions as a true neighborhood lifestyle destination with outstanding visibility, accessibility, and irreplaceable street presence.
Anchored by nationally recognized tenants including Chipotle, Credit Human, and Insomnia Cookies, the center offers stable in-place income with meaningful upside through continued lease-up and strategic merchandising of the tenant mix. The layout also provides flexibility to create a ±12,000 SF contiguous end-cap opportunity suitable for a flagship or large-format retailer, a rarity along Magazine Street.
Positioned among some of the corridor’s most desirable retailers, restaurants, and hospitality concepts, the asset benefits from the unmatched fundamentals of a supply-constrained urban retail market. The property also offers long-term value through potential repositioning, redevelopment, or partial owner-occupancy, allowing investors to further enhance one of Magazine Street’s most prominent retail destinations. Financial information available upon execution of a confidentiality agreement.
Anchored by nationally recognized tenants including Chipotle, Credit Human, and Insomnia Cookies, the center offers stable in-place income with meaningful upside through continued lease-up and strategic merchandising of the tenant mix. The layout also provides flexibility to create a ±12,000 SF contiguous end-cap opportunity suitable for a flagship or large-format retailer, a rarity along Magazine Street.
Positioned among some of the corridor’s most desirable retailers, restaurants, and hospitality concepts, the asset benefits from the unmatched fundamentals of a supply-constrained urban retail market. The property also offers long-term value through potential repositioning, redevelopment, or partial owner-occupancy, allowing investors to further enhance one of Magazine Street’s most prominent retail destinations. Financial information available upon execution of a confidentiality agreement.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,546 SF
Building Class
B
Year Built
2000
Price
$14,446,110 CAD
Price Per SF
$640.74 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.85 AC
Zoning
HU-B1
Parking
40 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Variable
- 1,972-14,375 SF
- Retail
- -
- 120 Days
| Space | Size | Space Use | Position | Available |
| Variable | 1,972-14,375 SF | Retail | - | 120 Days |
Variable
| Size |
| 1,972-14,375 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 120 Days |
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4-11-2-044-01 | Improvements Assessment | $535,737 CAD |
| Land Assessment | $228,011 CAD | Total Assessment | $763,748 CAD |
Property Taxes
Parcel Number
4-11-2-044-01
Land Assessment
$228,011 CAD
Improvements Assessment
$535,737 CAD
Total Assessment
$763,748 CAD
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2801 Magazine St
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