LA > New Orleans
New Orleans, LA 70115,3947 MAGAZINE ST
New Orleans, LA 70115,3947 MAGAZINE ST
New Orleans, LA 70115,3947 MAGAZINE ST
New Orleans, LA 70115,3947 MAGAZINE ST
New Orleans, LA 70115,3947 MAGAZINE ST
New Orleans, LA 70115,3947 MAGAZINE ST
Jiarra Rayford
Jiarra Rayford

Broker

+1(504) 541-5484

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$ 1,025,000

$ 1,150,000 10.9%

Est. payment | /mo

$ 1,025,000

$ 1,150,000 10.9%

Est. payment | /mo

Key Details

Sold Price $1,025,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 2344170

Sold Date 03/21/25

Construction Status Repairs Cosmetic,Updated/Remodeled,Resale

HOA Y/N No

Year Built 1942

Property Description

3947 Magazine Street was recently leased out to Rowan, Inc. as their first store in the New Orleans market. Rowan Piercing Studio performs ear piercings using licensed nurses. The corporately guaranteed lease term expires in January of 2030 and follows annual rental increases of 3%. The property is offered at $1,175,000, for a 6.4% capitalization rate. This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike.

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 One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled,Resale

Others

Tax ID 701153947MagazineST

Financing Cash

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Ben & Burka
Bought with Ben & Burka
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(504) 541-5484

info@rayfordrealtynola.com

6803 Press Drive # 170, Orleans, Louisiana, 70126, United States

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3947 MAGAZINE ST