$2,600,000

Located on the extremely visible and high-traffic corner of Louisiana Ave and Magazine Street, 3341 Magazine Street offers investors an incredibly well-positioned trophy asset. The entire ground floor is leased on a NNN basis by Mason’s Famous Lobster Rolls, a national restaurant concept on a newly executed lease agreement. Their space features multiple seating areas, large walk-ins, several food prep areas, and a retail/serving counter, in addition to large store front windows and wrap around historic awning. Two fully rented recently renovated 1 bedroom apartments are on the 2nd floor feature in-unit laundry, exterior balcony space, spacious kitchens, and original historic detailing. The property is in excellent condition with no deferred maintenance and offers investors a chance to own an iconic building in an incredible location. The property sits in one of the highest-trafficked stretches of Magazine Street. Frequented by locals and tourists alike, the property is close to local and national restaurants, bars, and retailers all along “restaurant row.”