Remarks
Incredible investment opportunity in the heart of Magazine Street's vibrant commercial corridor! This mixed-use property offers 5,103 total square feet (4,442 living) on a deep 45' x 130' lot. Two long-term commercial tenants anchor the street-level frontage, offering strong visibility and consistent rental income. The residential portion includes three apartments: a rented 1-bedroom unit, a large, newly renovated 2-bedroom, 1.5-bath unit with a bonus office/exercise room and 2024 updated kitchen (owner occupied), and a third 1-bedroom, 1-bath upper unit in need of a full renovation--an excellent value-add opportunity. Foundation piers were replaced in 2024. With over $75,000 in current annual rents and additional income potential, this property offers both performance and upside in one of New Orleans' most sought-after locations. Zoned for mixed-use and surrounded by restaurants, boutiques, and neighborhood amenities, this is your chance to own a high-performing property in the heart of Magazine Street.
Details
- Listing ID:
- NO2494950
- Parish
- Orleans
- Assessment
- 614123310
- Legal Desc
- SQ 193 LOT 17 PT LOTS 14 16 45X130 5206-08C MAGAZINE ST 4 APTS-2 STORES FILE #95188 1/09 PART/WOP
Interior
- Lot Dimensions
- 45x130
Exterior
- Construction
- Block
- Lot Size Area
- 0.13 ac
- Features
- Living Space Available
![Image Description]()
Location
- Directions
- Bounding Streets: Dufossat, Constance, Bellecastle
- Parish
- Orleans
- Sub Type:
- Commercial
- Zoning:
- HU-B1
