2138 Magazine StNew Orleans, LA 70130

Property Details for 2138 Magazine St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

9,471 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

411202901

APU

411202901

Description

This exceptional office space, located at 2138 Magazine Street in New Orleans' Lower Garden District, offers five units ranging from 600 to 1,503 square feet. Ideal for businesses seeking a vibrant, high-traffic location, this property boasts prime visibility on a thriving commercial corridor surrounded by established businesses, boutiques, and restaurants. The building offers a mix of traditional office, executive office, coworking, and creative office spaces, making it suitable for a variety of tenants. Available for multiple tenants, the property is ready for occupancy as of November 15, 2024. Monthly rent includes a portion of real estate taxes and building insurance

• CAP approach

  CAP return

  Valuation

  6%

  $1,501,925

  6.5%

  $1,386,393

  7%

  $1,287,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $722,456

  Geo Method

  $673,293

• Alternative Use

  Use

  Valuation

  Residential

  $1,719,127

  Hospitality

  $1,574,711

  Educational

  $1,310,141

  Medical

  $1,355,199

  Retail

  $2,037,997

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9296

Longitude

-90.0765

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].