22
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$1,725,000
Est. payment /mo
5,420 SqFt
Active
5508-10 MAGAZINE ST New Orleans, LA 70115
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,420 sqft
Price per Sqft $318
MLS Listing ID 2520757
HOA Y/N No
Year Built 1915
Property Description
Ideally located on Magazine Street between Octavia and Joseph Streets, this property offers a rare opportunity to own a classic mixed-use building in one of Uptown New Orleans' most desirable corridors.
The site is zoned B-2 Neighborhood Business District, designed to support boutique retail and personal service uses while maintaining the charm and compatibility of the surrounding residential neighborhood. This zoning makes it an excellent fit for a wide range of retail, dining, or service-oriented concepts.
The 3,510 sq. ft. ground-floor commercial space provides outstanding visibility and flexible floor area suitable for a signature storefront, gallery, café, or specialty retail. Large windows and Magazine Street frontage create natural light and high pedestrian appeal.
Upstairs, the 1,910 sq. ft. residential component is evenly divided into two well-appointed two-bedroom, one-bath apartments (955 sq. ft. each). These units offer steady rental income potential or on-site living space, blending modern convenience with classic Uptown character.
This unique property balances investment security with value-add potential—whether as a flagship business location with residential income above or a fully leased, income-producing asset. With Magazine Street's vibrant mix of shops, restaurants, and neighborhood amenities at its doorstep, this offering captures the best of New Orleans' live-work-play lifestyle.
The site is zoned B-2 Neighborhood Business District, designed to support boutique retail and personal service uses while maintaining the charm and compatibility of the surrounding residential neighborhood. This zoning makes it an excellent fit for a wide range of retail, dining, or service-oriented concepts.
The 3,510 sq. ft. ground-floor commercial space provides outstanding visibility and flexible floor area suitable for a signature storefront, gallery, café, or specialty retail. Large windows and Magazine Street frontage create natural light and high pedestrian appeal.
Upstairs, the 1,910 sq. ft. residential component is evenly divided into two well-appointed two-bedroom, one-bath apartments (955 sq. ft. each). These units offer steady rental income potential or on-site living space, blending modern convenience with classic Uptown character.
This unique property balances investment security with value-add potential—whether as a flagship business location with residential income above or a fully leased, income-producing asset. With Magazine Street's vibrant mix of shops, restaurants, and neighborhood amenities at its doorstep, this offering captures the best of New Orleans' live-work-play lifestyle.
Location
State LA
County Orleans
Zoning B-2
Interior
Fireplace No
Exterior
Parking Features None, Off Street
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Mixed Use
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Living Quarters
Others
Tax ID 614122901
Special Listing Condition None
Listed by Watermark Realty, LLC
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