About 3947 Magazine Street
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.
Features of 3947 Magazine Street
| MLS® # | 2344170 |
|---|---|
| Price | $1,150,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1942 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 3947 Magazine Street |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70115 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Lot Description | City Lot, Rectangular Lot |
|---|
Additional Information
| Days on Market | 553 |
|---|---|
| Zoning | HU-B1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| Listing Provided By | Ben & Burka |