Description
REDUCED!
Located on the extremely visible and high-traffic corner of Louisiana Ave and Magazine Street, 3341 Magazine Street offers investors an incredibly well-positioned trophy asset. The entire ground floor is leased on a NNN basis by Mason’s Famous Lobster Rolls, a national restaurant concept on a newly executed lease agreement. Their space features multiple seating areas, large walk-ins, several food prep areas, and a retail/serving counter, in addition to large store front windows and wrap around historic awning. Two fully rented recently renovated 1 bedroom apartments are on the 2nd floor feature in-unit laundry, exterior balcony space, spacious kitchens, and original historic detailing. The property is in excellent condition with no deferred maintenance and offers investors a chance to own an iconic building in an incredible location.
The property sits in one of the highest-trafficked stretches of Magazine Street. Frequented by locals and tourists alike, the property is close to local and national restaurants, bars, and retailers all along “restaurant row.”
For additional information, see linked 3341 Magazine Street Brochure.
ZoningHU-B1
Property Size4,475 SqFt
Property TypeCommercial
Address
Address: 3341 Magazine Street
City: New Orleans
Parish: Orleans
Zip Code: 70115
Neighborhood: Magazine
