16
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$1,850,000
Est. payment /mo
Active
4119 MAGAZINE ST New Orleans, LA 70115
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2493700
HOA Y/N No
Year Built 1940
Property Description
Available for sale, 4119 Magazine Street presents a prime NNN investment opportunity in the heart of the Magazine Street commercial corridor. Occupied by Buffalo Exchange since 2015, the property has over five years remaining on a recently renewed lease, with annual 2.75% rental increases beginning in November. The corporately guaranteed NNN lease requires ownership to maintain only the roof and structure, and a new roof was installed after Hurricane Ida.
Featuring high ceilings, abundant natural light, strong street presence, and ample mezzanine office/meeting space, the property offers an exceptional retail environment.
Surrounded by a mix of top local and national retailers, restaurants, and businesses—including Waxing the City, Shaya, Neal Auction, Kiehl's, Warby Parker, Indochino, Free People, and Untuckit—it is located in one of New Orleans' most vibrant retail corridors, known for its strong demographics and consistent foot traffic.
Featuring high ceilings, abundant natural light, strong street presence, and ample mezzanine office/meeting space, the property offers an exceptional retail environment.
Surrounded by a mix of top local and national retailers, restaurants, and businesses—including Waxing the City, Shaya, Neal Auction, Kiehl's, Warby Parker, Indochino, Free People, and Untuckit—it is located in one of New Orleans' most vibrant retail corridors, known for its strong demographics and consistent foot traffic.
Location
State LA
County Orleans
Community Common Grounds/Area
Zoning HU-B1
Interior
Fireplace No
Exterior
Parking Features None
Community Features Common Grounds/Area
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Retail
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 41045153
Special Listing Condition None
Listed by Ben & Burka