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

Investment properties

Property subtype

Live-work space

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

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