Available for sale, this premier multi-tenant shopping center presents a rare investment opportunity along one of Magazine Street's most coveted retail corridors in the Garden District / Irish Channel. With more than 32 dedicated off-street parking spaces, an exceptional amenity along this historic corridor, the property functions as a true neighborhood lifestyle destination with outstanding visibility, accessibility, and irreplaceable street presence. Anchored by nationally recognized tenants including Chipotle, Credit Human, and Insomnia Cookies, the center offers stable in-place income with meaningful upside through continued lease-up and strategic merchandising of the tenant mix. The layout also provides flexibility to create a 12,000 SF contiguous end-cap opportunity suitable for a flagship or large-format retailer, a rarity along Magazine Street. Positioned among some of the corridor's most desirable retailers, restaurants, and hospitality concepts, the asset benefits from the unmatched fundamentals of a supply-constrained urban retail market. The property also offers long-term value through potential repositioning, redevelopment, or partial owner-occupancy, allowing investors to further enhance one of Magazine Street's most prominent retail destinations. Financial information available upon execution of a confidentiality agreement. For additional information, see the 2801 Magazine Street Investment Offering in attachments.
Listed By
Agency Name: Ben & Burka
Agency Phone: (504) 301-1002
Shown By
Agent Name: Wendy Benedetto
Agent Phone: (504) 382-7492
Agency Title: Wendy Benedetto, LLC
2801 Magazine Street | MLS# 2549290
This commercial property located at 2801 Magazine Street, New Orleans, LA 70115 is currently listed for sale with an asking price of $10,500,000. Search New Orleans real estate on wendybenedetto.wendybenedetto.com today.