5724 Magazine Street New Orleans, LA ^$ 2,000,000

5724 Magazine Street

^$ 2,000,000

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5724 Magazine Street

New Orleans, LA, 70115

^$ 2,000,000

Studio Baths0.0 Sq 5,313

Monthly Estimate*

^$ 13,971

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Studio

Commercial Property for sale in New Orleans, LA

for $2,000,000. This 5,313 square foot building was built in 1903.

Once in a generation opportunity for a commercial/residential building with great visibility on a PRIME Uptown corner along the Magazine corridor. Downstairs commercial units have potential to be combined as one large unit or remain as dual incomes. Upstairs residential units boasts high ceilings, natural light and more just waiting for a fresh take. Three space parking lot. Across from Saba and Kendra Scott. Possible qualification for historic tax credits to be verified by buyer.

Commercial Active

Price

^$ 2,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Historic/Antique

Year Built

1903

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2407290

Features

General

Sewer Public Sewer

Zoning Comm

Architectural Style Historic/Antique

Construction Materials Stucco Wood Siding

Year Built 1903

Stories 2

Levels Two

County Orleans

Property Type Commercial Sale

Total Rooms 0

Status Active

City New Orleans

Buyer Agent Compensation 2.5

Street Name MAGAZINE

Year Built Details Fixer Upper Historical

Property Condition Fixer

Days on Market 259

Structure Type Mixed Use

Standard Status Active

Buyer Agent Compensation Type %

Legal Description SQ 25HV LOT 10A 739-41 NASH & 5718 TO 32 MAGAZINE 43X120 2 STY-BLDG-W-W/2 STORES & 2 APTS APPR ON FILE/LAT FILE #65362 9-89

Exterior

Parking Features Off Street Three or more Spaces

Lot Features Corner Lot City Lot

Water Source Public

Building Area Total 5636

Lot Dimensions 43x120

Interior

Full Baths 0

Half Baths 0

Street Suffix Street

Total Bedrooms 0

* Excluded Features

List By

Engel & Voelkers New Orleans

Broker

Julie.Comarda@evrealestate.com

Affordability Calculator

$13,971

Per Month

Monthly Principal & Interest: $13,971
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in New Orleans, LA

Average List Price ^$1,102,061

Percent of Sale Price 45%

About New Orleans, LA

392,550 Population

-19% Since 2002

^$41,421 Median Income

36.4 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

476401 Elementary School

475975 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/4/2023	$2,000,000		Listed Price

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5724 Magazine Street, New Orleans, LA, 70115 is a Commercial Property for sale at $2,000,000 with 5,313 sqft. 5724 Magazine Street is a studio with 0.0 baths and was built in 1903. The property's zip code is 70115 which is in New Orleans, LA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/4/2024.

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5724 Magazine Street

Commercial Property for sale in New Orleans, LA

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