Kaitee Basco
Office: 318-319-0859
Cell: 318-880-6742
2398685
clb
3138 Magazine St, New Orleans
$5,995,000
10 Beds
8 Baths
13,412 Sqft
.17 Acres
0 Garages
Golden opportunity to own THE gem of Magazine Street, on the most trafficked stretch of the corridor, amid all the restaurants, retail, businesses and entertainment! Iconic Art Deco 13,412 sq ft building houses 4 commercial spaces on ground floor, totaling 7,048 sq ft, and 4 luxury residential units, totaling 6,364 sq ft with 684 sq ft balcony. Generating gross income of over $340,000 annually. Zoned HU-B1, offering endless tenant possibilities. Commercial tenants currently include a jewelry store, gym, bubble tea shop and bakery. Residential units range from 2-3 bedrooms/2 bath and have 11 ft. ceilings, original hardwood floors throughout, plentiful large double-paned sound-reducing windows, stainless-steel appliances and washer/dryer in each unit. 100% occupied. Centrally located in Uptown New Orleans, property is less than 1/2 a mile from St. Charles Ave and a few miles from the French Quarter, tourist attractions and interstate. Preliminary research shows zoning would allow a 2,000 sq ft. third floor addition and rooftop deck. Possible condo conversion. All zoning/plans to be verified by buyer. Contact agent for more information. Also listed as commercial.
Essential Information
MLS® #2398685
Price$5,995,000
Bedrooms10
Bathrooms8.00
Full Baths8
Square Footage13,412
Acres0.17
Year Built2006
TypeResidential Income
Sub-TypeOther, Mixed Use
StatusActive
Community Information
Address3138 Magazine St
CityNew Orleans
CountyOrleans
StateLouisiana
Zip Code70115
Amenities
ParkingNone
PoolNone
Interior
HeatingCentral
CoolingCentralAir
Exterior
ExteriorStucco
Lot DescriptionCity Lot, Irregular Lot
RoofSlate
ConstructionStucco
FoundationSlab
Additional Information
Days on Market113
HOA Fees0.00
Listing Details
AgentLiz L Baer
Office
Listing Provided Courtesy of Berkshire Hathaway HomeServices Ally Real Estate via Central Louisiana Board of REALTORS
Property History
Price Reduced from $6,995,000 to $5,995,000
LISTING MAP
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Listing information last updated on October 1st, 2023 at 9:30am CDT.
