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Listed byBen & Burka • Aaron J. Kazanoff • 504-301-1002
$ 1,650,000
Est. payment | /mo
$ 1,650,000
Est. payment | /mo
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2576155
HOA Y/N No
Year Built 1920
Acres 0.09
Lot Dimensions 60x65
Property Sub-Type Commercial
Source ROAM MLS
Property Description
Available for sale, 5631 Magazine Street presents a rare opportunity to acquire an extremely well-located, multi-tenant property in the heart of Uptown New Orleans. Positioned directly across from Whole Foods, the property benefits from exceptional visibility, consistent foot traffic, and proximity to some of the city's most popular retail, dining, and lifestyle destinations. The building is currently configured as three commercial units:District Donuts, a popular local favorite, occupies the ±300 SF corner suite under an absolute NNN lease at $2,250/month, with ±3 years remaining and strong desire to stay. Love Weld, a national jewelry retailer, recently executed a new lease and is currently paying $4,750/month NNN.The rear office suite, a former residential unit converted intoa boutique office space—includes three private offices, a full kitchen, conference area, off-street parking, and reception. It is currently leased through the end of 2026 at $4,000/month NNN but may be available to an owner/occupant.With in-place income and high-quality tenants, 5631 Magazine offers flexibility for investors seeking steady returns or owner-occupants looking to establish a presence on one of the city's premier commercial corridors.
Location
State LA
County Orleans
Area 0.09
Zoning HU-B1
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Available
Garage No
Building
Lot Description Corner Lot, Other
Water Public
New Construction No
Others
Tax ID 41049583
Virtual Tour https://www.propertypanorama.com/instaview/roam/2576155
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