1582 Magazine St. New Orleans, LA

Investment Overview

Discover an exceptional investment opportunity at 1582 Magazine Street, New Orleans, LA, 70130. This impressive building boasts a total of 5,856 square feet, divided into two units, providing a prime office or coworking space on the first floor and licensed four bedroom/3 bath commercial STR on the 2nd floor. The building was substantially renovated in 2014 and updated again in 2020 (new roof in 2022). The property is in pristine condition and ready for immediate use. With a desirable HU-B1 zoning, this location offers endless potential for commercial ventures. Currently at 100% occupancy, this property presents a lucrative investment with strong rental income or a great opportunity for an owner-occupant. Don't miss the chance to secure a thriving asset in the heart of New Orleans' vibrant business district.

Investment Highlights

• 5,856 SF building
• 2 units (ground floor office; 2nd floor STR)
• Fully renovated in 2014 and updated in 2020
• Zoned HU-B1
• Located in New Orleans Lower Garden District
• Strong cash flow for investors; office can be vacated for owner-occupant