3947 Magazine Street, New Orleans, Louisiana

$1,175,000

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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 $1,175,000
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 347
Zoning HU-B1
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00
Listing Provided By Ben & Burka
Buyer Agent Commission 3%

Listing Map

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