3138 MAGAZINE Street, New Orleans, LA, 70115

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$4,750,000
New Listing

3138 MAGAZINE Street
New Orleans, LA 70115

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
13,412
SqFt
$354
/SqFt
1930
Built
County:
Orleans
Call Now: (504) 228-6500
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(504) 228-6500
3138 MAGAZINE Street3138 MAGAZINE Street3138 MAGAZINE Street3138 MAGAZINE Street
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Welcome to Ninth Street Market, a true trophy asset on Magazine Street—positioned on one of the corridor’s highest-traffic blocks, surrounded by premier dining, retail, and entertainment. Built in 1930 and originally, a thriving New Orleans public food market, this iconic Art Deco building spans 13,412 total square feet and features a highly desirable mixed-use layout with four ground-floor commercial spaces (7,048 SF) and four luxury residential units above (6,364 SF + 684 SF balcony). The property is 100% occupied and generates over $300,000 in annual net operating income. Zoned HU-B1, the asset offers exceptional flexibility for a wide range of commercial uses. Current tenants include a jewelry boutique, fitness studio, and bakery (occupying two suites), providing a strong and diverse income stream. The 2- to 3-bedroom, 2-bath residential units offer a seamless blend of historic character and contemporary living, highlighted by 11-foot ceilings, original antique pine hardwood floors, abundant natural light, stainless steel appliances, and in-unit washer/dryers, complemented by classic Art Deco details in the color palette, tile work, and light fixtures. Recent capital improvements include a new roof (2024), new HVAC (2024), and fresh exterior paint (2023), enhancing both curb appeal and long-term durability. Ideally located in Uptown New Orleans, the property sits less than half a mile from St. Charles Avenue and the streetcar and just minutes from the French Quarter, major tourist attractions, and interstate access. Preliminary research suggests the potential for a ~2,000 SF third-floor addition and rooftop deck, as well as a possible condo conversion (all to be verified by buyer). A premier opportunity to acquire a landmark property steeped in New Orleans history.

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Listing Snapshot
Price 
$4,750,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
13,412 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1691 Acres
Year Built 
1930
MLS® Number 
2555122
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
21 hours agoListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
0.1691
Cross Street 
9th St., Harmony St., Magazine St., Constance St.
Levels 
Two
Parking 
None
Security 
Fire Sprinkler System
Sewer 
Public Sewer
SqFt Total 
14096
Water Source 
Public
Zoning 
HU-B1
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Exterior Features
Construction Details 
Stucco
Lot Features 
City LotIrregular Lot
Community Features
Accessibility Features 
Accessible Entrance
Listing courtesy of Crescent Sotheby's International

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
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