Address: 1350 Magazine Street, New Orleans, LA 70130
The McEnery Company is pleased to present 1350 Magazine Street, a newly constructed mixed-use investment property prominently positioned along Magazine Street in New Orleans’ Lower Garden District. Completed in 2019, the approximately 4,957-square-foot building features HU-MU zoning and consists of two ground-floor commercial suites and two second-floor residential apartments. The commercial component includes an approximately 889-square-foot suite occupied by national credit tenant Edward Jones and an approximately 972-square-foot owner-occupied office suite that can be delivered vacant or potentially leased back at closing. The residential component includes two approximately 1,286-square-foot, two-bedroom/two-bath apartments, both currently leased.
The property was constructed to a high standard with modern systems and finishes, including light-gauge steel framing, a standing-seam metal roof, spray-foam insulation, tankless water heaters, security cameras, keyless entry, modern HVAC systems, and a fully sprinklered fire-protection system. Each unit is separately metered for water and electricity, and the property also includes a gated rear parking area accommodating approximately four vehicles. With modern construction, existing income, strong tenancy, dedicated parking, and a highly visible Magazine Street location, 1350 Magazine Street offers an attractive opportunity for both investors and owner-users.
List Price: $1,875,000
Site Size: 5,661 SF
GBA: 4,954 SF
Zoning: HU-MU
For further listing details or to schedule a showing please contact Scott Weston 318-218-4860 or Parke McEnery 504-236-9542.
