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Corner Mixed-Use Property
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5235 Magazine St, New Orleans, LA 70115

Leased ground-floor studio and retail space complements two updated residential apartments above.

Property SizeContact for details
Days on Market145

Property Features for 5235 Magazine St

General Information

Standard status Active
Property subtype Mixed Use, Multifamily, Retail
Listing Agency: Ben + Burka Commercial Real Estate
Listed By: Aaron Kazanoff · License #LA 0995700882
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 1:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ben + Burka Commercial Real Estate

Investment Insights

Based on property information with market context.

Located at 5235 Magazine Street at the corner of Bellecastle and Magazine Streets, this mixed-use property combines a leased ground-floor commercial space with two upstairs apartments. The studio and retail area is occupied on a long-term basis by fitness studio barre 3 and measures ~2,000 SF. Its layout includes a large open studio, storefront glass, a corner entry, sound-insulated ceiling construction, retail area, and storage.

The residential component consists of one 1 bedroom apartment and one 2 bedroom apartment, both recently updated and well finished. Two reserved parking spaces serve the residential tenants, while street parking supports the retail component. The property is near Henry’s Uptown Bar, Tito’s Ceviche, Audubon Park, Guy’s Poboys, PJ’s Coffee, and other local and national establishments within walking distance.

Key Highlights

  • Mixed‑use property at the corner of Bellecastle and Magazine Streets
  • ~2,000 SF ground‑floor studio and retail space leased long‑term to barre 3
  • Commercial space includes open studio, storefront glass, corner entrance, retail area, and storage

Property Analytics

Current Use

barre3 Gym & Fitness Center Solar Works Industrial Manufacturer

Suggested Use

Top Pick HVAC Service Barber Shop Grocery & Convenience Store Food Market Dental Office Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,471
Businesses Nearby

Demographics for 70115, LA

31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Leased ground-floor studio and retail space complements two updated residential apartments above.
Where is this mixed-use property located?
The property is located at 5235 Magazine St New Orleans, LA.
What are key features of this property?
This property features: Mixed‑use property at the corner of Bellecastle and Magazine Streets; ~2,000 SF ground‑floor studio and retail space leased long‑term to barre 3; Commercial space includes open studio, storefront glass, corner entrance, retail area, and storage
(504) 301-1002 Call to check price and availability
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