Office & Licensed Commercial STR in Lower Garden District
$2,195,000
1582 Magazine Street, New Orleans, LA 70130
5,856 sqft
Building Size
0.1312 acres
Lot Area
Details:
Highlights:
- 5,856 SF building
- 2 units (ground floor office; 2nd floor STR)
- Fully renovated in 2014 and updated in 2020
- Zoned HU-B1
- Located in New Orleans Lower Garden District
- Strong cash flow for investors; office can be vacated for owner-occupant
Description:
Discover an exceptional investment opportunity at 1582 Magazine Street, New Orleans, LA, 70130. This impressive building boasts a total of 5,856 square feet, divided into two units, providing a prime office or coworking space on the first floor and licensed four bedroom/3 bath commercial STR on the 2nd floor. The building was substantially renovated in 2014 and updated again in 2020 (new roof in 2022). The property is in pristine condition and ready for immediate use. With a desirable HU-B1 zoning, this location offers endless potential for commercial ventures. Currently at 100% occupancy, this property presents a lucrative investment with strong rental income or a great opportunity for an owner-occupant. Don't miss the chance to secure a thriving asset in the heart of New Orleans' vibrant business district.
Located at 1582 Magazine St., this property sits at the intersection of New Orleans’ historic charm and its modern commercial core. The area offers a strategic balance of high-foot-traffic amenities and professional prestige, making it an ideal site for a high-end office or a dynamic coworking space.
Location Highlights
Proximity: Situated in the Lower Garden District within minutes of the Warehouse District and CBD.
Cultural Anchors: Minutes from the National WWII Museum, Convention Center, and the Caesars Superdome.
Amenities: Immediate access to the city’s premier dining and entertainment corridor.
Entergy
Location
Gallery
