6117 Magazine St
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6117 Magazine St
6,153 SF 100% Leased Retail Building New Orleans, LA 70118 £789,220 (£128/SF)
Executive Summary
For sale, 6117 Magazine Street presents a rare mixed-use investment opportunity at an exceptionally attractive price point. This fully leased property features a spacious ground-floor commercial space (ideal for owner-occupancy—contact us for more details) and three residential units on the upper floors: a 1-bedroom, 1-bath unit and two 2-bedroom, 1-bath units. The property is well-maintained and benefits from a long-term tenant history. Located at the entrance to the vibrant Magazine Street corridor, this property offers excellent access to Audubon Park and Golf Course, Tulane and Loyola Universities, and a variety of shops, restaurants, and attractions along Magazine Street. The flexible HU-B1 zoning supports a wide range of uses, including retail, office, cafe, professional services, and more.
The current ground-floor tenant has recently renewed their lease, with an option for a new owner to take over the space. This presents a prime opportunity for an owner-occupier looking to operate their business while generating rental income from the residential units above.
The current ground-floor tenant has recently renewed their lease, with an option for a new owner to take over the space. This presents a prime opportunity for an owner-occupier looking to operate their business while generating rental income from the residential units above.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,153 SF
Building Class
C
Year Built
1918
Price
£789,220
Price Per SF
£128
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Slab to Slab
9 ft
Building FAR
1.57
Land Acres
0.09 AC
Zoning
HU-B1
Frontage
30 ft on Magazine St
Amenities
- Bus Route
- Balcony
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 6-15-2-021-13 | Improvements Assessment | £87,778 |
Land Assessment | £13,777 | Total Assessment | £101,554 |
PROPERTY TAXES
Parcel Number
6-15-2-021-13
Land Assessment
£13,777
Improvements Assessment
£87,778
Total Assessment
£101,554
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6117 Magazine St
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