1578 MAGAZINE Street, New Orleans, LA 70130 (MLS# NO2537988)

Remarks & Misc

Remarks

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.

Office/Member/Contract Info

List AOR

NOMAR

Property Type

Hotel/Motel

Yes

Retail

Yes

Parking

None

Yes

Construction

Other

Yes

Features

Handicap Design

Yes

Landlord Pays

Building Insurance

Yes

Janitorial

Yes

Property Taxes

Yes

Property Features