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.
Listed By
Agency Name: Ben & Burka
Agency Phone: (504) 301-1002
Shown By
Agency Title: Ricci Real Estate
Agency Phone: (504) 372-0050
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1578 Magazine Street, New Orleans, LA 70130.
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1578 Magazine Street | MLS# 2537988
This commercial property located at 1578 Magazine Street, New Orleans, LA 70130 is currently listed for sale with an asking price of $2,375,000. Search New Orleans real estate on www.riccire.com today.