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2028 Magazine St

New Orleans, LA
Floors
3
Total Size
5,989 sqft
Zoning
B-1A
Year Constructed
0
Year Renovated
0
Building Class

About 2028 Magazine St

Incredible opportunity to redevelop a beautiful structure on Magazine Street in the Lower Garden District. This property has a number of unique features, including, but not limited to, a sidewalk width gallery overlooking Magazine Street, tile flooring, pressed metal ceilings, a built in ceramic oven and access to a common alley in the rear of the building. It has housed Antiques Magazine for more than twenty years.

The property is in close proximity to such notable national, regional and local retailers as Free People, Langford Market, Goorin Bros., Silk Road Collection, Aidan Gill for Men, Juan's Flying Burrito, Thomas Mann Studio, Square Root, Cafe Roma, Stein's Deli and Il Mercato, a new private event venue by Joel Dondis of Sucre. This portion of Magazine Street has emerged as one of the hottest in the entire stretch of the street in recent years.

The building is situated in both the Lower Garden District National Register Historic District and the Louisiana State Cultural District, likely making it eligible for both Federal and State Historic Tax Credits. It presents a unique opportunity for a larger single user, a mixed use developer or some combination thereof to restore and utilize a great building in a great block of Magazine.

Approximate square footages:

-1st floor (retail + shop space): 3,256 -2nd floor: 1,868 -3rd floor: 865 - Area description: The Lower Garden District is a neighborhood of the city of New Orleans. Its boundaries as defined by the City Planning Commission are: St. Charles Avenue, Felicity, Prytania, Thalia, Magazine and Julia Streets to the north, the New Orleans Morial Convention Center, Crescent City Connection and Mississippi River to the east, Felicity, Magazine and Constance Streets, Jackson Avenue, Chippewa, Soraparu, and St. Thomas Streets to the south and 1st Street to the west. It was named the hippest neighborhood in America by Utne Reader magazine several years ago. - Number of buildings: 1 - Building condition: Average - Tenancy: Multiple Tenants

Internet Providers for 2028 Magazine St

Provider Technology Max Download Speed Max Upload Speed
Cox Communications Cable
1 Gb/s
25 Mb/s
MegaPath Corporation DSL
25 Mb/s
25 Mb/s
AT&T Louisiana DSL
3 Mb/s
768 kbps

The Neighborhood: Lower Garden District

The typical asking rate per listing is in the $10's per square foot per year. The Lower Garden District submarket is going through a an increase in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the Greater New Orleans Region market, the Lower Garden District region has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Median Rate Median Size
Lower Garden District $15
/sqft/yr
1,610
sqft
Median Rate Median Size
Greater New Orleans Region $24
/sqft/yr
2,070
sqft

Median Rate over Time in Lower Garden District