Description
5631 Magazine Street offers a multi-unit investment property available for sale directly across from Whole Foods. Home to District Donuts, a boutique office space, and a vacant retail/office suite, the property is ideal for an owner-occupier or for investment use. The office space is a converted apartment and features 3 private offices, conference area, full kitchen, and lobby, and is leased for $4,000/mo NNN with ~2.5 years remaining on the lease. District Donuts occupies the ~300 SF corner space and is currently paying $2,000/mo NNN with 1.5 years remaining on their lease and a 5-year renewal thereafter. The former Dirty Coast retail space is available for immediate occupancy and features high ceilings, exposed wood trusses, private office/storage upstairs, and ample outdoor area. The retail space was previously leased at $5,000/mo NNN, and is currently marketed for lease at $4,500/mo NNN.
The property is located on a high-traffic stretch of Magazine Street in immediate proximity to a host of local and national retailers, restaurants, bars, and destinations, as well as being a short drive to Audubon Park.
For additional information, see linked 5631 Magazine Street SALE Brochure.
ZoningHU-B1
Property Size3,300 SqFt
Property TypeInvestment
Address
Address: 5631 Magazine Street
City: New Orleans
Parish: Orleans
Zip Code: 70115
Neighborhood: Magazine
