2850 Magazine StNew Orleans, LA 70130

This exceptional 4,920 square foot retail storefront, located at 2850 Magazine Street in New Orleans, Louisiana, presents a rare investment opportunity. Situated on a vibrant stretch of Magazine Street, this single-story building boasts 41 feet of prime storefront frontage featuring large, double glass roll-up doors, ensuring optimal visibility and accessibility for customers. A complete historic renovation in 2014 modernized all plumbing, electrical, mechanical, and sprinkler systems, seamlessly blending modern functionality with the building's historic charm. The property sits on a 5,658 square foot lot and is zoned HU-B1. The asking price is $2,100,000, translating to $426.83 per square foot. Annual real estate taxes are approximately $20,000, and hazard insurance is approximately $8,750 per year. Currently occupied by a tenant on a short-term lease, lease terms are available upon request. This turnkey property offers an unparalleled location amidst thriving businesses, restaurants, and cultural attractions, making it ideal for businesses seeking high visibility and customer engagement in a highly desirable New Orleans neighborhood. The property consists of one building with one unit.