1900 Block Portfolio Retail FOR SALE


New Orleans, LA - Lower Garden District
$2,850,000 USD
, New Orleans, LA for Sale
$2,850,000 USD
Retail - FOR SALE
1/29
null | 8% Cap Rate

1900 Block Portfolio
New Orleans, LA
Lower Garden District


HIGHLIGHTS

  • Prominently located in the dynamic corridor of the 1900 bock of Magazine Street
  • High traffic area
  • great visibility
  • Tenants in all buildings

OVERVIEW

Prominently located in the dynamic corridor of the 1900 block of Magazine Street, the portfolio consists of 4 retail properties totaling 11,200 square feet that are all occupied by separate tenants. 10,880 SF of contiguous space, approximately 6,480 SF of ground floor, allows for a variety of redevelopment opportunities. Take advantage of this prime opportunity to acquire under rented retail spaces approaching the end of lease term near the highly anticipated River District development. Portfolio consists of 1904 Magazine St, 1906 Magazine St, 1908 / 1910 Magazine St, 1912 Magazine St, respectively leased to Stardust Salon and Day Spa, The Tasting Room, vacant space, and Parish Parlor. Nearby restaurants, retail shops, bars, and personal service establishments create a cohesive environment that is easily accessible by residents of the Lower Garden District, the Irish Chanel, and the incoming mixed use River District development.

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Jeffrey Doussan, Jr.Keller Williams Realty New OrleansMore Info

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Jeffrey Doussan, Jr.Keller Williams Realty New OrleansMore Info

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