About 5200 Magazine Street
Commercial/Residential INVESTOR SPECIAL opportunity! Super location on visible corner of Magazine & Dufossat. Zoned HU-B1 Historic Urban Neighborhood Business District. Currently being used as residential rentals. Two large shotgun style lower units and two smaller units up. Currently occupied by long-term tenants on month-to-month basis. Lower left unit is now vacant. Property offers nice deep lot (45' x 130') with plenty available rear yard space with access from Dufossat St., off-street parking available on right side of property facing Magazine St., high ceilings, wood floors, separate gas, electric and water meters. Tons of potential for mixed use options. Purchaser to verify zoning and use. Located along the Magazine Street commercial corridor with easy access to restaurants, boutiques, and neighborhood amenities. Great spot for watching Mardi Gras parades along Magazine St.! Property is in fair condition and needs work. This property may be approved for Federal and State Historic Tax Credits, to be verified by Buyer. See attached MLS Documents for more information.
Features of 5200 Magazine Street
| MLS® # | 2498017 |
|---|---|
| Price | $695,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,316 |
| Acres | 0.00 |
| Year Built | 1920 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 5200 Magazine Street |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70115 |
Amenities
| Parking | Driveway, Off Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Exterior | Wood Siding |
|---|---|
| Lot Description | Corner Lot, City Lot |
| Construction | Wood Siding |
Additional Information
| Days on Market | 185 |
|---|---|
| Zoning | HU-B1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| Listing Provided By | J. Louis Matherne & Associates |