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$ 2,375,000
Est. payment /mo
Active
1578 MAGAZINE ST New Orleans, LA 70130
669 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 669 sqft
Price per Sqft $3,550
MLS Listing ID 2537988
HOA Y/N No
Year Built 1950
Lot Size 7,579 Sqft
Acres 0.174
Property Description
Available for sale, 1572–78 Magazine Street presents a rare opportunity to acquire a fully licensed mixed-use short-term rental complex in the heart of the Lower Garden District. The property includes seven commercial STR licenses, a ground-floor commercial unit, large rear yard, and multiple individually metered, stand-alone STR units.
Meticulously restored in 2012 and originally constructed c. 1855, the property blends historic character with modern systems. Its layout and historic pedigree make it an ideal candidate for a historic tax credit redevelopment, including the potential to unify the units, incorporate a food & beverage concept in the commercial space, and enhance the rear yard with landscaping and shared amenities to further strengthen STR performance.
The property is situated in one of the city's most desirable STR corridors, minutes from Downtown and the French Quarter, while also anchored in the heart of the Lower Garden District at the gateway to Magazine Street's many shopping, dining, and entertainment offerings.
Meticulously restored in 2012 and originally constructed c. 1855, the property blends historic character with modern systems. Its layout and historic pedigree make it an ideal candidate for a historic tax credit redevelopment, including the potential to unify the units, incorporate a food & beverage concept in the commercial space, and enhance the rear yard with landscaping and shared amenities to further strengthen STR performance.
The property is situated in one of the city's most desirable STR corridors, minutes from Downtown and the French Quarter, while also anchored in the heart of the Lower Garden District at the gateway to Magazine Street's many shopping, dining, and entertainment offerings.
Location
State LA
County Orleans
Zoning HU-B1
Interior
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Accessibility Accessibility Features
Building
Lot Description City Lot, Oversized Lot, Rectangular Lot
Dwelling Type Hotel/Motel,Mixed Use,Retail
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 41145678
Special Listing Condition None
Listed by Ben & Burka
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