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Listed byBen & Burka • Aaron J. Kazanoff • 504-301-1002
$ 10,500,000
Est. payment | /mo
$ 10,500,000
Est. payment | /mo
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2549290
HOA Y/N No
Year Built 1999
Acres 0.85
Lot Dimensions 70x150
Property Sub-Type Commercial
Source ROAM MLS
Property Description
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.For additional information, see the 2801 Magazine Street Investment Offering in attachments.
Location
State LA
County Orleans
Area 0.85
Zoning HU-B1
Direction Corner of Magazine & Washington
Interior
Fireplace No
Exterior
Parking Features Off Street, Parking Lot
Garage Spaces 3.0
Utilities Available Natural Gas Available
Total Parking Spaces 3
Garage No
Building
Lot Description Corner Lot
Water Public
New Construction No
Others
Tax ID 41041995
Virtual Tour https://www.propertypanorama.com/instaview/roam/2549290
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