Magazine Street Investment
2842-44 Magazine Street, New Orleans, Orleans 70115
Major Price Improvement!
2842-44 Magazine Street offers a stunning historic property on Magazine Street available for sale. Standing at nearly 5,000 SF, the gated former center hall cottage features an expansive ground floor commercial space which is currently owner-occupied, a 1 bedroom apartment and a studio apartment with loft on the second floor. All leases are month-to-month, providing an excellent opportunity for an owner/operator with additional rental income or for a full re-tenanting of the building at market rates. The units, renovated by Michael Carbine, feature original hardwood flooring, high ceilings, historical detailing, ample natural light, and a well-manicured rear courtyard area for the ground floor tenant. The property also features a conditioned rear shed space, totaling approximately 100 SF.
The property stands on one of the most trafficked stretches of Magazine Street in immediate proximity to a host of national and local retailers, restaurants, and businesses, including Chipotle, Sake Cafe, West Elm, Starbucks, Walgreens, and much, much more.
For additional information, see linked 2842-44 Magazine Street Brochure
Address: 2842-44 Magazine Street
City: New Orleans
Zip Code: 70115
Neighborhood: Garden District