$2,195,000
Active
2,000
SqFt
2014
Built
1582-84 Magazine Street is a 5,856 SF two-story building in the Lower Garden District, currently 100% occupied across two units. The ground floor currently operates as a coworking space. The second floor is a licensed four-bedroom, three-bath commercial short-term rental.
The building was fully renovated in 2014, updated again in 2020, and re-roofed in 2022. It's in move-in-ready condition. HU-B1 zoning gives a buyer flexibility on commercial use.
The setup suits an investor looking for cash flow from day one, or an owner-occupant who wants to run a business downstairs and keep the STR income upstairs. The office tenants can be vacated at closing if needed.
**Furniture not included - can be sold separately**
Highlights:
- 5,856 SF building, two floors; two units
- Ground floor office/co-working (~3,800sf)
- Second floor licensed commercial STR (~2,000sf)
- Fully renovated in 2014; updated in 2020; new roof in 2022
- Zoned HU-B1
- Located in New Orleans Lower Garden District; Magazine St. frontage
- Strong cash flow for investors; office can be vacated for owner-occupant
LISTING SNAPSHOT
Price$2,195,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)2,000 sqft
Lot SizeN/A
Year Built2014
MLS® Number2554616
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
GENERAL
Cross StreetMagazine Street & Richard Street
LevelsTwo
ParkingNone
SewerPublic Sewer
SqFt Total5856
Water SourcePublic
ZoningHU-B1
EXTERIOR
Lot FeaturesCorner Lot, City Lot
RECENT ACTIVITY
April 30, 2026Active
Listing courtesy of Urban Properties Real Estate, LLC
Listing courtesy of Urban Properties Real Estate, LLC
Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.
Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.
Comps
An estimate is not available for this listing.
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