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$4,750,000

For Sale

8 hours ago

3138 Magazine St, New Orleans, LA

House

MLS® 2555122

0 Bed

0 Bath

13412 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 13412 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1930
Avg. Price Per Sqft $354
MLS® Number 2555122

Property Address: 3138 Magazine St, New Orleans, LA, 70115-2355

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2555122
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
Basement
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 13, 2026List Date
$4,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
3138 Magazine St, New Orleans, LA

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