Mixed-Use Property with STR
For Sale
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5808 Magazine Street, New Orleans, LA 70115
Newly built 3-story mixed-use building with vacant storefront space and a licensed short-term rental penthouse.
Property Size6,085 SF
Price / SF$574.36
Days on Market119
Property Features for 5808 Magazine Street
General Information
Standard status
Active
Size
6,085 SF
Property subtype
Retail, Hospitality
Zoning
HU-B1
Net Operating Income
$281,068
Additional Details
Clear Height
14 ft
Grease Trap
Yes
Amenities
private elevator
balcony
Listing Agency:
Talbot Realty Group
Listed By:
Chris Talbot · License #LA 0000075986
(504) 525-9763
Source:
Crexi
Added: May 13
Changed: Aug 28
Last Checked: Sep 7 at 3:02AM
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
5808 Magazine Street is a newly constructed three-story mixed-use property completed in 2021. The building includes approximately 2,000 SF of vacant commercial space across the ground and second floors with storefront frontage, 14-foot ceilings, and an installed grease trap suitable for retail, restaurant, or service-oriented uses. The third floor is a luxury residential penthouse currently operating as a licensed short-term rental, with a private elevator and balcony overlooking Magazine Street.
The adjacent portfolio also includes 737 Eleonore Street, a fully renovated historic residence originally constructed circa 1895 and currently operating as a licensed 5-bedroom, 3-bath short-term rental with established booking history. The offering is positioned along the Magazine Street corridor near Nashville Avenue.
Together, the two properties create a combined mixed-use and hospitality investment package, with in-place short-term rental income plus a commercial space available for lease-up or owner-operator use.
The adjacent portfolio also includes 737 Eleonore Street, a fully renovated historic residence originally constructed circa 1895 and currently operating as a licensed 5-bedroom, 3-bath short-term rental with established booking history. The offering is positioned along the Magazine Street corridor near Nashville Avenue.
Together, the two properties create a combined mixed-use and hospitality investment package, with in-place short-term rental income plus a commercial space available for lease-up or owner-operator use.
Key Highlights
- 5808 Magazine Street: 3‑story mixed‑use building completed in 2021 with a licensed short‑term rental penthouse
- 5808 Magazine Street includes approx. 2,000 SF of vacant commercial space on the ground and second floors with HU‑B1 zoning
- Commercial space has storefront frontage, 14‑foot ceilings, and an installed grease trap for retail, restaurant, or service‑oriented use
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Newly built 3-story mixed-use building with vacant storefront space and a licensed short-term rental penthouse.
Where is this short term rental property located?
The property is located at 5808 Magazine Street New Orleans, LA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 5808 Magazine Street: 3‑story mixed‑use building completed in 2021 with a licensed short‑term rental penthouse; 5808 Magazine Street includes approx. 2,000 SF of vacant commercial space on the ground and second floors with HU‑B1 zoning; Commercial space has storefront frontage, 14‑foot ceilings, and an installed grease trap for retail, restaurant, or service‑oriented use
