1578 MAGAZINE Street, New Orleans, LA 70130
$2,375,000
Property Type:
Comm Bldg Sale/Lease
Square Footage:
6,169
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$2,375,000
List Date:
1/13/2026
Last Modified:
1/30/2026
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.
Supplements: ********
More Information MLS# NO2537988
Listing Info
Delayed Marketing: No
For Sale: Yes
List Price/SqFt: 384.99
Document Modified: 2026-01-30 14:09:05.763359
Status: Active
Listing Date: 2026-01-13
Listing Price: 2375000
Current Price: $2,375,000
Modification Timestamp: 2026-01-30T20:09:05Z
Photo Modified: 2026-01-30T20:04:00Z
Location, Tax & Legal Info
Legal Desc: As per Title
General Property Description
Lot Dimensions: 63 x 121
Stories: 2
SqFt - Total: 6169
SqFt - Source: Public Record
Acreage Range: 0 - 0.5
Acres: 0.17
Sale/Lease Info
Lease Purchase: No
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: 1
Retail: 1
Parking
None: 1
Construction
Other: 1
Features
Handicap Design: 1
Landlord Pays
Building Insurance: 1
Janitorial: 1
Property Taxes: 1
Originating Details
Originating System ID: ROAMM
Originating System Key: 56688845
Originating System Listing ID: 2537988
Originating System Name: ROAM Matrix
Location Tax Legal Info
Street Number: 1578
Street Name: MAGAZINE Street
Parish: Orleans
State: LA
Zip Code: 70130
Tax Assessment Number: 41145678
Zone: HU-B1
Directions: Bounding Streets: Magazine
Property Features
Property Type: Hotel/Motel; Retail
Features: Handicap Design
Construction: Other
Landlord Pays: Building Insurance; Janitorial; Property Taxes
Parking: None
Documents
Brochure ›
Listing Office:
Ben & Burka
IDX
Last Updated: January - 30 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.