For Sale
$1,750,000

5724 Magazine StNew Orleans, LA 70115

Uptown New Orleans Historic Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • 5,313 SF mixed-use building on a 5,636 SF lot in Uptown New Orleans.
  • HU-B1 zoning allows for retail, office, or medical use, plus potential upper-floor apartment.
  • Prime Magazine Street location across from Saba and Kendra Scott.
  • Excellent front and rear access with ample parking.
  • Eligible for state and federal historic tax credits.
  • Asking price: $1,750,000 ($329.38/SF).

Property Details for 5724 Magazine St

Property type
Retail properties, Mixed-use properties
Square Feet
5,313 SF
Stories
2

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.921479624262
Longitude
-90.118611608023
5724 Magazine St, New Orleans, Louisiana

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5724 Magazine St
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