$2,700,000
For Sale

3341 MAGAZINE STREET

New Orleans, LA 70115
Browse 30 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Located on the extremely visible and high-traffic corner of Louisiana Ave and Magazine Street, 3341 Magazine Street offers investors or restaurant owner/operators an incredibly well-positioned trophy asset. The entire ground floor is occupied by Poke Loa, who is on a NNN lease that expires in 2026. Their space features multiple seating areas, large walk-ins, several food prep areas, and a retail/serving counter, in addition to large store front windows and wrap around historic awning. Two recently renovated 1 bedroom apartments are on the 2nd floor feature in-unit laundry, exterior balcony space, spacious kitchens, and original historic detailing. Currently, one unit is on a month-to month lease and the other is leased until December, 2025. The property is in excellent condition with no deferred maintenance and offers investors a chance to own an iconic building in an incredible location.
The property sits in one of the highest-trafficked stretches of Magazine Street. Frequented by locals and tourists alike, the property is close to local and national restaurants, bars, and retailers all along “restaurant row.”

  • Property Details
      • Lot DescriptionCornerLot, CityLot, RectangularLot
      • Structure TypeMixedUse, Retail
      • Property SubtypeCommercialSale
      • Sewer InformationPublicSewer
      • Original List Price$2,700,000
      • Property TypePurchase
      • CountyOrleans
      • MLS #2498227
      • Cost2700000
      • MLS #2498227
      • Utility SourcePublic
      • Square Feet4475
      • Year Built1920

Location

Troy Lawrence NMLS #1885144 | Magic Mortgage Inc NMLS #2654516Real Estate Group
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