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3,920 Sqft Lot
3,920 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2576155
HOA Y/N No
Year Built 1920
Lot Size 3,920 Sqft
Acres 0.09
Property Description
District Donuts, a popular local favorite, occupies the ±300 SF corner suite under an absolute NNN lease at $2,250/month, with ±3 years remaining and strong desire to stay.
Love Weld, a national jewelry retailer, recently executed a new lease and is currently paying $4,750/month NNN.
The rear office suite, a former residential unit converted intoa boutique office space—includes three private offices, a full kitchen, conference area, off-street parking, and reception. It is currently leased through the end of 2026 at $4,000/month NNN but may be available to an owner/occupant.
With in-place income and high-quality tenants, 5631 Magazine offers flexibility for investors seeking steady returns or owner-occupants looking to establish a presence on one of the city's premier commercial corridors.
Location
State LA
County Orleans
Community Common Grounds/Area
Zoning HU-B1
Interior
Fireplace No
Exterior
Parking Features Driveway
Community Features Common Grounds/Area
Water Access Desc Public
Building
Lot Description Corner Lot, City Lot, Rectangular Lot
Dwelling Type Other,Retail
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 41049583
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
–Franklin D. Roosevelt
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