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LA > New Orleans
New Orleans, LA 70115,3947 MAGAZINE ST
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New Orleans, LA 70115,3947 MAGAZINE ST
New Orleans, LA 70115,3947 MAGAZINE ST
New Orleans, LA 70115,3947 MAGAZINE ST
New Orleans, LA 70115,3947 MAGAZINE ST
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Joe Robert

Joe Robert

+1(504) 249-8724
$ 1,150,000
Est. payment /mo
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3947 MAGAZINE ST New Orleans, LA 70115

UPDATED:

09/30/2024 05:42 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2344170

Construction Status Repairs Cosmetic,Updated/Remodeled,Resale

HOA Y/N No

Year Built 1942

Property Description

3947 Magazine Street was recently leased out to Rowan, Inc. as their first store in the New Orleans market. Rowan Piercing Studio performs ear piercings using licensed nurses. The corporately guaranteed lease term expires in January of 2030 and follows annual rental increases of 3%. The property is offered at $1,175,000, for a 6.4% capitalization rate. This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike.

Location

State LA

County Orleans

Community Common Grounds/Area

Zoning HU-B1

Interior

Fireplace No

Exterior

Garage None

Community Features Common Grounds/Area

Water Access Desc Public

Parking Type None

Building

Lot Description City Lot, Rectangular Lot

Dwelling Type Retail

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled,Resale

Others

Tax ID 701153947MagazineST

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Ben & Burka

Joe Robert

Rêve | Realtor | License ID: 995689441

+1(504) 249-8724

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3947 MAGAZINE ST