5206 MAGAZINE Street, New Orleans, LA 70115
$1,650,000
Property Type:
Comm Bldg Sale/Lease
Square Footage:
5,103
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$1,650,000
List Date:
4/20/2025
Last Modified:
3/25/2026
Listing Details MLS# NO2494950
Listing Info
- For Sale
- Yes
- Delayed Marketing
- No
- Listing Price
- 1650000
- List Price/SqFt
- 323.34
- Document Modified
- 2026-03-25 10:53:46.907109
- Modification Timestamp
- 2026-03-25T15:59:06Z
- Photo Modified
- 2026-03-25T15:58:54Z
Location Tax Legal Info
- Street Number
- 5206
- Street Name
- MAGAZINE Street
- Parish
- Orleans
- State
- LA
- Zip Code
- 70115
- Tax Assessment Number
- 614123310
- Zone
- HU-B1
- Directions
- Bounding Streets: Dufossat, Constance, Bellecastle
General Property Description
- Lot Dimensions
- 45x130
- Acres
- 0.13
- SqFt - Total
- 5103
- SqFt - Source
- Appraiser
- Stories
- 2
- Ceiling Height (Ft)
- 12
- Acreage Range
- 0 - 0.5
- Load Dock?
- No
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 50756566
- Originating System Listing ID
- 2494950
- Originating System Name
- ROAM Matrix
Location, Tax & Legal Info
- 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
Sale/Lease Info
- Lease Purchase
- No
More Information
Remarks & Misc
- 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.
Office/Member/Contract Info
- List AOR
- NOMAR
Property Type
- Retail
- Yes
Parking
- None
- Yes
Construction
- Block
- Yes
Features
- Living Space Available
- Yes
Property Features
Property Type:
Retail
Features:
Living Space Available
Construction:
Block
Parking:
None
IDX
Listing Office:
O'Dwyer Realty
Last Updated: March - 25 - 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.