5000 Magazine St New Orleans, LA 70115

Listing Agency Ben + Burka Commercial Real Estate a***@benburka.com Show Phone

Listed by Aaron Kazanoff · License #LA 0995700882

Source Crexi

Added: Mar 21, 2024 Checked: Jul 16 at 4:40 am

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Investment Insights

Based on property information with market context.

This expansive vacant lot, situated at the corner of Magazine and Robert Streets, benefits from high visibility and accessibility in the Uptown neighborhood. Zoned HU-B1, the property offers development potential for commercial, mixed-use, and residential projects. The lot allows for a three-story building of 40’ with no off-street parking required. Numerous local restaurants, retailers and schools are in close proximity, including Tito’s Ceviche & Pisco, Pizza Domenica, St. Katharine Drexel Preparatory School, etc. Buyer to verify permitted use.

Key Highlights

• Prime location at the corner of Magazine and Robert Streets in Uptown, offering maximum visibility and accessibility.
• HU‑B1 zoning allows for diverse commercial, mixed‑use, and residential development opportunities.
• Potential for a three‑story building up to 40 feet in height.

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FAQs

What type of property is this?

Commercial land - Corner lot in Uptown with commercial and residential development potential.

Where is this commercial land located?

The property is located at 5000 Magazine St New Orleans, LA.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Prime location at the corner of Magazine and Robert Streets in Uptown, offering maximum visibility and accessibility.; HU‑B1 zoning allows for diverse commercial, mixed‑use, and residential development opportunities.; Potential for a three‑story building up to 40 feet in height.