$10,500,000
Active
1999
Built
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.
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.
LISTING SNAPSHOT
Price$10,500,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)N/A
Lot Size0.85 Acres
Year Built1999
MLS® NumberN/A
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
Listing courtesy of Ben & Burka (504-301-1002)
About this office
Listings on this page are served for 1 Percent Lists.
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