LA
Orleans
New Orleans
70115
3947 MAGAZINE Street
3947 MAGAZINE Street, New Orleans, LA 70115
Listing Type
commercial/industrial
Listing Status
active
8
$1,150,000

Home Details for 3947 MAGAZINE Street

Price
$1,150,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Year built
1942
County
Orleans
Garage
Days on site
807
MLS Listing#
2344170
Listing courtesy: Ben & Burka - (504) 301-1002
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.

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Listings courtesy of the New Orleans Metropolitan AOR. IDX information is provided exclusively for consumers’ personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from New Orleans Metropolitan Association of Realtors Inc..
EXIT REALTY NOLA PREMIERE
2750 Lake Villa Dr. Ste. 205, Metairie, LA 70002
Office
504 298 3948
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