1418 Magazine St, New Orleans, LA 70130

Now available for sale, 1418 Magazine St is a mixed-use property comprising 3 fully-occupied units – 1 commercial, 2 residential. The entire downstairs unit is currently utilized as a restaurant. It is leased through 2026 by Surrey's, an "eclectic and funky cafe and juice bar specializing in local food items with a hint of Latin flavor". They have been in business since 2001 and are mentioned in numerous New Orleans food-related articles. The residential units comprise the entire second floor. Both units present the opportunity to add value through cosmetic and amenity upgrades as well as the potential for rent increases. The current owner recently put a new laundry facility in place for tenants. Several upgrades have been made within the last 5 years. Since November 2022, the property has had new electric components installed. Centrally located in the Lower Garden District, this property is located on Magazine Street, famously known as a popular shopping, dining, and art district for tourists and locals alike. The property is located just ±0.4 mile from St Charles Ave and ±0.5 mile from the Pontchartrain Expy, allowing easy access to most of the New Orleans MSA.  « show less

Now available for sale, 1418 Magazine St is a mixed-use property comprising 3 fully-occupied units – 1 commercial, 2 residential. The entire...  show more »