5724 Magazine St | New Orleans, LA 70115
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5724 Magazine St
New Orleans, LA 70115
Retail Property For Sale
Investment Highlights
- Prime location as this property is a candidate for state and federal historic tax credits.
- Historic mixed-use property at the core of the Uptown New Orleans neighborhood.
Executive Summary
A + Location, directly across from Saba and Kendra Scott at the core of the Uptown New Orleans neighborhood. Very well positioned generational asset with strong retail, office or medical office potential and upper floor apartment opportunities as well. Property is a candidate for state and federal historic tax credits, parking and excellent delivery capacity in the rear of the building and strong front facing façade to Nashville and Magazine. One of the few remaining A+ locations on Magazine available for a new business launch in one of the strongest demographics in the region, Uptown New Orleans.
List Price: $1,750,000 | $310.50 PSF
List Price: $1,750,000 | $310.50 PSF
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,636 SF
Building Class
C
Year Built
1970
Price
$1,750,000
Price Per SF
$311
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
1.08
Lot Size
0.12 AC
Zoning
HU-RD2 - Historic Urban Two-Family Residential District
Frontage
41 FT on Nashville Ave
PROPERTY TAXES
| Parcel Number | 6-15-1-029-08 | Improvements Assessment | $128,570 |
| Land Assessment | $12,900 | Total Assessment | $141,470 |
PROPERTY TAXES
Parcel Number
6-15-1-029-08
Land Assessment
$12,900
Improvements Assessment
$128,570
Total Assessment
$141,470
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