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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.

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Club Pilates
Starbucks
Whole Foods Market
The YMCA
Pj's Coffee Of New Orleans
barre3
Chase Bank
First Horizon Bank
Orangetheory Fitness
Winn-Dixie

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6-15-2-021-13
Land Assessment
£13,777
Improvements Assessment
£87,778
Total Assessment
£101,554
  • Listing ID: 33916034

  • Date on Market: 19/11/2024

  • Last Updated:

  • Address: 6117 Magazine St, New Orleans, LA 70118

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