$1,750,000
$1,850,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
4119 MAGAZINE ST New Orleans, LA 70115
Key Details
Sold Price $1,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2493700
Sold Date 09/26/25
HOA Y/N No
Year Built 1940
Property Description
Available for sale, 4119 Magazine Street presents a prime NNN investment opportunity in the heart of the Magazine Street commercial corridor. Occupied by Buffalo Exchange since 2015, the property has over five years remaining on a recently renewed lease, with annual 2.75% rental increases beginning in November. The corporately guaranteed NNN lease requires ownership to maintain only the roof and structure, and a new roof was installed after Hurricane Ida.
Featuring high ceilings, abundant natural light, strong street presence, and ample mezzanine office/meeting space, the property offers an exceptional retail environment.
Surrounded by a mix of top local and national retailers, restaurants, and businesses—including Waxing the City, Shaya, Neal Auction, Kiehl's, Warby Parker, Indochino, Free People, and Untuckit—it is located in one of New Orleans' most vibrant retail corridors, known for its strong demographics and consistent foot traffic.
Location
State LA
County Orleans
Community Common Grounds/Area
Zoning HU-B1
Interior
Fireplace No
Exterior
Parking Features None
Community Features Common Grounds/Area
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 41045153
Financing Cash
Special Listing Condition None
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Ben & Burka
