6069 Magazine StNew Orleans, LA 70118

Property Details for 6069 Magazine St

Year built

1910

Lot size

0.09 AC

Property size (Sq ft)

2,563 SF

Property type

Office buildings

APN

615202204

APU

615202204

Description

This exceptional single-tenant executive office suite, totaling approximately 913 square feet, is ideally situated at 6069 Magazine Street, on the highly visible corner of Magazine and Webster Streets. Benefit from excellent street frontage and visibility in this bustling Uptown-Garden District location. The suite is part of a larger mixed-use building encompassing 2,563 square feet on a 0.1-acre lot. Off-street parking is available. The property is classified as Class B and features a single-story building. Zoned HU-B1 (Neighborhood Business District), this versatile space allows for a variety of commercial uses, subject to verification by the lessee. The HU-B1 zoning designation encourages commercial development that complements the surrounding residential areas, permitting single-family, two-family, and small-scale multi-family dwellings, along with commercial enterprises. All measurements are approximate and should be independently verified. Zoning, overlays, and intended use must be confirmed by the prospective tenant. This presents a unique opportunity for businesses seeking a prominent presence in a vibrant and desirable neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $406,444

  6.5%

  $375,179

  7%

  $348,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $195,508

  Geo Method

  $182,204

• Alternative Use

  Use

  Valuation

  Residential

  $465,222

  Hospitality

  $426,141

  Educational

  $354,545

  Medical

  $366,738

  Retail

  $551,514

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.923

Longitude

-90.1231

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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