Description
Available for sale, 1572–78 Magazine Street presents a rare opportunity to acquire a fully licensed mixed-use short-term rental complex in the heart of the Lower Garden District. The property includes seven commercial STR licenses, a ground-floor commercial unit, large rear yard, and multiple individually metered, stand-alone STR units. Meticulously restored in 2012 and originally constructed c. 1855, the property blends historic character with modern systems. Its layout and historic pedigree make it an ideal candidate for a historic tax credit redevelopment, including the potential to unify the units, incorporate a food & beverage concept in the commercial space, and enhance the rear yard with landscaping and shared amenities to further strengthen STR performance.
The property is situated in one of the city’s most desirable STR corridors, minutes from Downtown and the French Quarter, while also anchored in the heart of the Lower Garden District at the gateway to Magazine Street’s many shopping, dining, and entertainment offerings.
For additional information, see linked 1572-78 Magazine Street Brochure
ZoningHU-B1
Property Size6169 SqFt
Property TypeHospitality
Address
Address: 1578 Magazine Street
City: New Orleans
Parish: Orleans
Zip Code: 70130
Neighborhood: Lower Garden District
