$1,650,000
For Sale

5631 MAGAZINE STREET

New Orleans, LA 70115
Browse 11 photos
Type:Purchase
Structure:Office
Zone:Commercial

Description

Available for sale, 5631 Magazine Street presents a rare opportunity to acquire a well-located, multi-tenant property in the heart of Uptown New Orleans. Positioned directly across from Whole Foods, the property benefits from exceptional visibility, consistent foot traffic, and proximity to some of the city’s most popular retail, dining, and lifestyle destinations. The building is currently configured as three commercial units:
District Donuts, a popular local favorite, occupies the ±300 SF corner suite under an absolute NNN lease at $2,250/month, with five years remaining on their initial term (lease negotiations in progress).
Love Weld, a national jewelry retailer, recently renewed their lease for an additional 1.5-year term and is currently paying $4,500/month NNN.
The rear office suite—a former residential unit converted into a boutique office space—includes three private offices, a full kitchen, conference area, off-street parking, and reception. It is currently leased on a month-to-month basis at $4,000/month NNN but is available to an owner/occupant.
With in-place income and high-quality tenants, 5631 Magazine offers flexibility for investors seeking steady returns or owner-occupants looking to establish a presence on one of the city’s premier commercial corridors.

  • Property Details
      • Lot DescriptionCornerLot, CityLot, RectangularLot
      • Property SubtypeCommercialSale
      • Structure TypeOffice, Retail
      • Sewer InformationPublicSewer
      • Original List Price$1,650,000
      • Property TypePurchase
      • CountyOrleans
      • MLS #2515379
      • Cost1650000
      • MLS #2515379
      • Utility SourcePublic
      • Square Feet3300
      • Year Built1920

Location

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

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