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$ 1,995,000
Est. payment /mo
Price Dropped by $200K
1582-84 MAGAZINE ST New Orleans, LA 70130
2,000 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $997
MLS Listing ID 2554616
HOA Y/N No
Year Built 2014
Lot Dimensions 0.129
Property Sub-Type Commercial
Source ROAM MLS
Land Area 2000
Property Description
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
Location
State LA
County Orleans
Zoning HU-B1
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Not Available
Garage No
Building
Lot Description Corner Lot
Water Public
New Construction No
Others
Tax ID 1582-Magazinest
Virtual Tour https://www.propertypanorama.com/instaview/roam/2554616
Listed by Urban Properties Real Estate,