1582-84 Magazine Street St, New Orleans, LA 70130 (MLS # NO2554616)
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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
| DAYS ON MARKET | 70 | LAST UPDATED | 4/30/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COUNTY | Orleans |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| LOT | 5619 sq ft |
|---|---|
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 0.129 |
| PARKING | None |
| STORIES | 2 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Urban Properties Real Estate, LLC
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