4815 Magazine StNew Orleans, LA 70115

Property Details for 4815 Magazine St

Year built

1960

Construction

FRAME

Lot size

0.27 AC

Property size (Sq ft)

5,880 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

614201710

APU

614201710

Description

This exceptional 276 sq. ft. commercial property, located at 4815 Magazine Street in New Orleans, Louisiana, 70115, presents a unique investment opportunity in a thriving Uptown neighborhood. The single-tenant space is currently occupied and boasts a highly desirable location near popular restaurants and businesses, ensuring high visibility and foot traffic. The building is a two-story structure with no elevator. The property features a functional layout including an open area, a bathroom, and a storage closet, providing flexibility for various business types. A roll-up security door enhances convenience and security. The zoning is HU-B1. This versatile space is perfect for retail, service-based businesses, or office use, offering a chance to establish a presence on one of New Orleans' most sought-after commercial streets. The cross street is Lyons Street. The property's prime location and adaptable layout make it an attractive option for entrepreneurs seeking a vibrant and accessible business environment. This is a single-building property with a traditional office subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $932,459

  6.5%

  $860,732

  7%

  $799,251

• Comparable approach

  Method

  Valuation

  Relative Method

  $448,532

  Geo Method

  $418,009

• Alternative Use

  Use

  Valuation

  Residential

  $1,067,307

  Hospitality

  $977,648

  Educational

  $813,391

  Medical

  $841,365

  Retail

  $1,265,275

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9207

Longitude

-90.1066

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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