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1572 Magazine St
New Orleans, LA 70130
LGD Hospitality · Specialty Property For Sale
·
6,169 SF
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 6,169 SF |
| Property Type | Specialty | No. Stories | 2 |
| Lot Size | 0.18 AC | Year Built/Renovated | 1950/2012 |
| Zoning | HU-B1 | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Lot Size | 0.18 AC |
| Building Size | 6,169 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2012 |
| Zoning | HU-B1 |
PROPERTY TAXES
| Parcel Number | 1-01-1-044-17 | Improvements Assessment | $58,360 |
| Land Assessment | $28,190 | Total Assessment | $86,550 |
PROPERTY TAXES
Parcel Number
1-01-1-044-17
Land Assessment
$28,190
Improvements Assessment
$58,360
Total Assessment
$86,550
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