2850 Magazine St

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2850 Magazine St

New Orleans, LA 70115
Asking Price
$2.10M
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail storefront located at 2850 Magazine Street in New Orleans.
  • Building encompasses 4,920 square feet of total interior space.
  • Turn-key retail property currently available for purchase at $2,100,000.
  • Positioned within the prominent and highly active Garden District corridor.
  • Versatile layout suitable for diverse retail or commercial business concepts.

What's Special

Establish a presence in the heart of the Garden District with this 4,920-square-foot storefront on Magazine Street. This retail property functions as a turn-key solution for business owners looking to operate in one of the most established commercial corridors in New Orleans. The layout suits a variety of retail concepts, boutique showrooms, or professional service businesses seeking high visibility within a historic and highly trafficked urban neighborhood. Magazine Street remains a focal point for local commerce, drawing consistent foot traffic from residents and tourists alike. Surrounded by a dense concentration of long-standing shops and restaurants, this building provides a stable foundation for investment or owner-occupancy. The property benefits from the unique character of the 70115 zip code, where traditional architecture meets a modern, growing consumer base. Whether expanding an existing brand or launching a new venture, this asset presents a practical acquisition for those focusing on the vibrant retail climate of the New Orleans metro area.

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NOI
$80,000
Cap Rate
3.81%
DSCR
0.64
Underwater
Cash-on-Cash
-7.09%
Monthly Payment
$10,389.654
Annual Cash Flow
$-44,675.85

Location & Travel Times