šŸ  3138 MAGAZINE Street, New Orleans, LA, 70115 MLS Sale Listing

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$4,750,000
35 Days On Site

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) 517-6533
Is this the listing for you? We can help make it yours.
(504) 517-6533
3138 MAGAZINE Street3138 MAGAZINE Street3138 MAGAZINE Street3138 MAGAZINE Street
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Monthly Payment (Est.)

$21,671
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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
PriceĀ 
$4,750,000
Days On SiteĀ 
35 Days
BedroomsĀ 
N/A
Inside Area (SqFt)Ā 
13,412 sqft
Total BathsĀ 
N/A
Full BathsĀ 
N/A
Partial BathsĀ 
N/A
Lot SizeĀ 
0.1691 Acres
Year BuiltĀ 
1930
MLSĀ® NumberĀ 
2555122
StatusĀ 
Active
Property TaxĀ 
N/A
HOA/Condo/Coop FeesĀ 
N/A
Sq Ft SourceĀ 
Appraiser
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLSĀ®
General Features
AcresĀ 
0.1691
Cross StreetĀ 
9th St., Harmony St., Magazine St., Constance St.
LevelsĀ 
Two
ParkingĀ 
None
SecurityĀ 
Fire Sprinkler System
SewerĀ 
Public Sewer
SqFt TotalĀ 
14096
Water SourceĀ 
Public
ZoningĀ 
HU-B1
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Exterior Features
Construction DetailsĀ 
Stucco
Lot FeaturesĀ 
City LotIrregular Lot
Community Features
Accessibility FeaturesĀ 
Accessible Entrance
Listing courtesy of Crescent Sotheby's International

Copyright Ā© 2017-present, New Orleans Metropolitan Association of REALTORSĀ®, 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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