5808 Magazine Street New Orleans, LA 70115

Listing agency Talbot Realty Group Show Phone

Listed by Gabe Massey · License #995718253

Source Crexi

Added: May 13 Updated: Jul 22 at 4:26PM Checked: Jul 22 at 4:26PM

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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.

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

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FAQs

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