Property Description

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

Property Features