Retail Space
2900 Magazine Street New Orleans, LA 70115
Details & Description
Price: $3,500,000
    -1st floor is 6,467/sq ft- 2nd floor is 3,000/sq ft- X flood Zone- $776,000 renovation in 20131024 6th Street (Air BnB)Total Building 3,432/sq ft- $1,600,000 renovation in 2018Property overview:Corner location comprised of three lots improved with two structures that are attached on the second floor. 9,239 sq ft situated at Magazine Street & Sixth Street in the Uptown area of New Orleans. Includes a private courtyard between the two structures with hydrotherapy garden including water features and fountains, ample decking, three outdoor showers and an outdoor jacuzzi.Principal building is 9,467 sq ft, two story retail building that includes an upscale spa and nail salon which is 6,467 sq ft. The ground floor is primarily retail showroom with some lobby/office area, nail salon areas, facial rooms, saunas, locker rooms, kitchen / break room.The second story is accessed via a staircase in the retail showroom, or by a staircase towards the rear of the building. Second level includes several facial rooms, massage rooms, and a hydrotherapy room. Excellent condition after extensive renovation in the past five years.Additional structure is a 3,660 sq ft mixed-use building that includes four short-term rental apartments with BR, LR, and small kitchenette with sink, stovetop and full refrigerator. Fully renovated in 2018 and in excellent condition.
    Property ID:    206565
    Property URL: melqr.com/206565
    Generated:    04-18-24
    Additional Photos
    Listing Agents
    Stephanie Boyd

    O: 504-293-5800
    sboyd@srsa-realestate.com
    SRSA Commercial
    SRSA Commercial Real Estate
    O: 504-831-2363
    ETanner@SRSA-RealEstate.com
    Collin Holmes

    O: 504-620-0356
    cholmes@srsa-realestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Louisiana / New Orleans / 70115 / 2900 Magazine Street

    2900 Magazine Street

    New Orleans, LA 70115

    Listing ID: 206565
    Print Single-Page Version
    • 2900 Magazine Street New Orleans, LA 70115 | for Sale | Photo 1
    • 2900 Magazine Street New Orleans, LA 70115 | for Sale | Photo 2
    • 2900 Magazine Street New Orleans, LA 70115 | for Sale | Photo 3
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    Building Size: 12,899 SF
    Lot Size: 0.257 AC
    Land Size: 11,195 SF
    Building $/SF: $271.34
    Land $/SF: $312.64
    Price
    $3,500,000
    Description

    -1st floor is 6,467/sq ft

    - 2nd floor is 3,000/sq ft

    - X flood Zone

    - $776,000 renovation in 2013

    1024 6th Street (Air BnB)

    Total Building 3,432/sq ft

    - $1,600,000 renovation in 2018

    Property overview:

    Corner location comprised of three lots improved with two structures that are attached on the second floor. 9,239 sq ft situated at Magazine Street & Sixth Street in the Uptown area of New Orleans. Includes a private courtyard between the two structures with hydrotherapy garden including water features and fountains, ample decking, three outdoor showers and an outdoor jacuzzi.

    Principal building is 9,467 sq ft, two story retail building that includes an upscale spa and nail salon which is 6,467 sq ft. The ground floor is primarily retail showroom with some lobby/office area, nail salon areas, facial rooms, saunas, locker rooms, kitchen / break room.

    The second story is accessed via a staircase in the retail showroom, or by a staircase towards the rear of the building. Second level includes several facial rooms, massage rooms, and a hydrotherapy room. Excellent condition after extensive renovation in the past five years.

    Additional structure is a 3,660 sq ft mixed-use building that includes four short-term rental apartments with BR, LR, and small kitchenette with sink, stovetop and full refrigerator. Fully renovated in 2018 and in excellent condition.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New Orleans History of Retail Space for Sale

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    New Orleans Area Market Trends

    Listing Demographics for 2900 Magazine Street New Orleans, LA 70115

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population25,326161,487388,365
    Population Median Age413939
    Population by Age0-9 Yrs2156 (8%)15941 (9%)44014 (11%)
    10-19 Yrs1513 (5%)15308 (9%)39892 (10%)
    20-29 Yrs4369 (17%)29458 (18%)59983 (15%)
    30-39 Yrs5313 (20%)27145 (16%)62977 (16%)
    40-49 Yrs2944 (11%)19597 (12%)47129 (12%)
    50-59 Yrs3691 (14%)20883 (12%)52070 (13%)
    60-69 Yrs3014 (11%)18444 (11%)45643 (11%)
    70+ Yrs2327 (9%)14711 (9%)36657 (9%)
    Median HH Income$51,872$48,889$44,640
    Total Household Income< 24K3251 (28%)19396 (29%)48500 (31%)
    25-49K2333 (20%)13698 (21%)35876 (23%)
    50-74K1657 (14%)9731 (14%)23757 (15%)
    75-99K994 (8%)6386 (9%)15395 (9%)
    100-199K2050 (17%)10250 (15%)22890 (14%)
    200K+1168 (10%)5575 (8%)9230 (5%)
    Highest Education LevelNo Diploma25281691643460
    Diploma or GED32252615070045
    Some College30912079057049
    Assoc. Degree818463713871
    Bachelors Degree57102651655718
    Higher Degree49712166638652
    Total Housing Units15,33584,601193,648
    --Owner-Occupied4,60428,49175,942
    --Renter-Occupied6,84936,54379,706
    Owner-Occupied Values< 100K266283210466
    100-199K512627926872
    200-299K783497113998
    300-399K74037888514
    400-499K62430005278
    500K+1680762110815
    Total Working Age Population22,142137,380321,209
    In Work Force15,38485,176200,566
    Not In Work Force6,75852,205120,642
    Workforce Employed14,45479,235185,203
    Workforce Unemployed8895,70514,582
    Civlian Workforce15,34384,940199,785
    Military Workforce41235781
    Total Households11,45365,035155,648
    Family Households4,39129,20576,921
    Non-Family Households7,06235,83078,727
    Married Couple2,87418,22946,435
    Other Family1,51610,97530,486
    Married w/Child8556,12615,318
    Single Male w/Child1109732,888
    Single Female w/Child4024,02811,571

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Louisiana4,468,976+14,533,372+14,588,310+54,813,420
    Jefferson Parish455,466-5432,552+4450,200+1454,670
    Lafourche Parish89,974+796,318095,990095,990
    Orleans Parish484,674-29343,829-26255,4400256,010
    Plaquemines Parish26,757-1423,042+1225,770+1329,130
    St. Bernard Parish67,229-4735,897-3822,210+122,480
    St. John the Baptist Parish43,044+745,924+2557,410+1365,110

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2900 Magazine Street in New Orleans?
    The asking price for 2900 Magazine Street is $3,500,000
    What is the building size of this Retail property in New Orleans, LA?
    The size of the building/unit at 2900 Magazine Street in New Orleans is 12,899 square feet
    How much land does the New Orleans, LA property at 2900 Magazine Street include?
    2900 Magazine Street in New Orleans includes 0.257 acres of land
    What kind of Retail is the propery at 2900 Magazine Street?
    The property at 2900 Magazine Street New Orleans, LA 70115 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 2900 Magazine Street in New Orleans?
    The population within 1 mile of 2900 Magazine Street New Orleans, LA 70115 is 25,326 people.
    Who do I contact for questions about 2900 Magazine Street?
    You should contact the listing agent, Stephanie Boyd, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Louis Armstrong New Orleans International Airport (MSY) 11
    Gulfport Biloxi International Airport (GPT) 69
    Lafayette Regional Airport (LFT) 115
    Price
    $3,500,000
    Listing Agent
    Stephanie Boyd - CRE Agent at

    Stephanie Boyd

    SRSA CRE

    VIEW AGENT PROFILE

    CONTACT AGENT

    Listing Co-Agent
    Stephanie Boyd - CRE Agent at SRSA Commercial Real Estate

    SRSA Commercial

    Independent Agent
    Listing Co-Agent
    Stephanie Boyd - CRE Agent at

    Collin Holmes

    SRSA CRE
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