5724 Magazine StNew Orleans, LA 70115

Property Details for 5724 Magazine St

Property size (Sq ft)

5,313 SF

Property type

Retail properties

Property subtype

Other retail 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.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9215

Longitude

-90.1186

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