1350 MAGAZINE ST Active

New Orleans,LA 70130

$ 1800000

0 Bed

0 Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2483320

Year Built 2019

Property Description

Mixed-use, HU-MU zoning, 2019 construction on a traffic-lit intersection of Magazine Street in the Lower Garden District. Anchored by a national credit tenant (Edward Jones, Suite A). Building can be sold fully-leased or owner will vacate 972 SF storefront unit (Suite B), currently used as office space.
Four units total: two 2nd floor apartments & two 1st floor commercial storefront units. The apartments have identical layouts, each 2 bed/2 bath, and have existing 1-year term leases in place. There are no short-term rental permits. Edward Jones' lease has several more years of term remaining. Owner occupies Suite B and can either vacate or lease it back on terms to be negotiated. Each is unit individually metered for water & electricity.

Suite A 889 SF
Suite B 972 SF
Apt. C 1,286 SF
Apt. D 1,286 SF
Common Areas. 524 SF
Total Enclosed 4,957 SF

Contact broker for detailed rent roll and building info.

The following are use restrictions stipulated in Edward Jones' lease of Suite A which apply to the entire building:
B. The Lessor shall not lease or sell the units within fifty (50) feet of Lessee's demising wall to the following users(s):
a) Bars, taverns, billiard halls;
b) Pawn shops;
c) Dance studios or Karate studios;
d) Beer or wine-making stores;
e) Psychological counseling offices/facilities;
f) Unemployment or Social Security offices;
g) Liquor stores;
h) Tattoo shops/body art/piercing tenants;
i) Beauty/Hair Salons, Cosmetology Services, or Nail Salons;
j) Gun and Weapon shops;
k) Smoke/Tobacco or Vapor/E-Cigarette shops;
l) Child Care/Children's gymnasium;
m) Dry Cleaning Plant facility;
n) Veterinarian/Dog Grooming/Animal Boarding;
o) Gym/Workout facility;
p) Same day cash/loan shops;
q) Massage parlors (except for national chains such as Massage Envy and the like);
r) Police substations;
s) Military recruiting offices; or
t) Any other non-professional use similar to those listed above.

Location

State LA

County Orleans

Community Common Grounds/Area

Zoning HUMU

Exterior

Parking Features Off Street,Three or more Spaces

Community Features Common Grounds/Area

Building

Lot Description Corner Lot,City Lot

Dwelling Type Mixed Use

Sewer Public Sewer

Water Public

Others

Special Listing Condition None

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