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$ 2,600,000
Est. payment | /mo
4,475 SqFt
$ 2,600,000
Est. payment | /mo
4,475 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,475 sqft
Price per Sqft $581
MLS Listing ID 2498227
HOA Y/N No
Year Built 1920
Property Description
Located on the extremely visible and high-traffic corner of Louisiana Ave and Magazine Street, 3341 Magazine Street offers investors an incredibly well-positioned trophy asset. The entire ground floor is leased on a NNN basis by Mason's Famous Lobster Rolls, a national restaurant concept on a newly executed lease agreement. Their space features multiple seating areas, large walk-ins, several food prep areas, and a retail/serving counter, in addition to large store front windows and wrap around historic awning. Two fully rented recently renovated 1 bedroom apartments are on the 2nd floor feature in-unit laundry, exterior balcony space, spacious kitchens, and original historic detailing. The property is in excellent condition with no deferred maintenance and offers investors a chance to own an iconic building in an incredible location.
The property sits in one of the highest-trafficked stretches of Magazine Street. Frequented by locals and tourists alike, the property is close to local and national restaurants, bars, and retailers all along “restaurant row.”
The property sits in one of the highest-trafficked stretches of Magazine Street. Frequented by locals and tourists alike, the property is close to local and national restaurants, bars, and retailers all along “restaurant row.”
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 Corner Lot, City Lot, Rectangular Lot
Dwelling Type Mixed Use,Retail
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 41047354
Special Listing Condition None
Nearby Locations
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