Address: 1212 Magazine Street, New Orleans, LA 70130
Currently operated as an 11-room Bed and Breakfast property, this Historic Tax Credit eligible re-development play is strategically positioned between the Garden District and the Warehouse District/Downtown. In addition to the main building, the grounds are also inclusive of a Magazine Street facing parking lot, Erato Street facing lot (currently utilized as French Truck Coffee’s patio), and a lush tropical courtyard with swimming pool, cabana, and lounge areas. Rare opportunity to acquire a large, commercially zoned (HU-MU) parcel along Magazine Street in the heart of the Lower Garden District.
List Price: $3,100,000
Main Building: +/- 7,200 SF, 9BR/9BA
Maisonette: +/- 1,271 SF, 2BR/2BA
Gross Land Area: 8,002 SF (Pool Lot + Main House) + 6,807 (Parking + Maisonette) = 14,808 SF Total (0.34 Acres Total)
Room Count: 11 Rooms w/ en suite Baths (9x Standard Rooms, 1 3rd Floor Suite, 1 Apartment)
Lot Size: 14,967 SF w/ Access from both Magazine & Erato
Notable Site Features: Tropical Swimming Pool, Room for Expansion, Assemblage with adjacent 3BR/2BA STR Licensed House Available.
Zoning: HU-MU Historic, Urban Neighborhood Mixed Use
Financials available upon request and with signed non disclosure agreement. Please contact Scott Weston at 318-218-4860 for all showing requests and inquiries.
