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1350 MAGAZINE ST New Orleans, LA 70130
UPDATED:
01/27/2025 07:10 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2483320
HOA Y/N No
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.
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
Interior
Fireplace No
Exterior
Parking Features Off Street, Three or more Spaces
Community Features Common Grounds/Area
Water Access Desc Public
Accessibility Accessibility Features
Building
Lot Description Corner Lot, City Lot
Dwelling Type Mixed Use
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 22071C0237
Security Features Fire Sprinkler System
Special Listing Condition None
Listed by Harmony Street Properties