5724 Magazine St New Orleans, LA 70115
- Retail properties
- 5,313 SF
Current Use by Public Records
- Retail properties
Property Details for 5724 Magazine St
- Property size
- 5,313 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional two-story mixed-use building, located at 5724 Magazine Street in New Orleans, Louisiana, presents a unique investment opportunity. Boasting 5,313 square feet on a 5,636 square foot lot, this property is zoned HU-B1 and offers versatile space ideal for retail, office, or medical office use, with additional upper-floor apartment potential. Its prime location directly across from established businesses like Saba and Kendra Scott places it at the heart of Uptown New Orleans' vibrant commercial district. The building's strong front façade and excellent rear access provide ample delivery capacity and parking. This generational asset is a prime candidate for state and federal historic tax credits, making it an even more attractive investment. The asking price is $1,750,000, translating to $329.38 per square foot. This represents one of the few remaining premier locations on Magazine Street, offering a chance to establish a business within a high-demand demographic area. The property's historical significance and strategic positioning combine to create a compelling opportunity for significant return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.1186
- Latitude
- 29.9215
