6117 Magazine StNew Orleans, LA 70118

This exceptional mixed-use property at 6117 Magazine Street in New Orleans, Louisiana, presents a compelling investment opportunity. Priced at $999,000, this fee-simple owned building boasts 6,190 square feet of net rentable space across three stories within a single building. The property features a fully occupied ground-floor commercial space, currently leased, and three residential units: one 1-bedroom, 1-bathroom unit and two 2-bedroom, 1-bathroom units. All units maintain 100% occupancy. The building sits on a 3,900 square foot lot and is zoned HU-B1, allowing for a variety of uses. Its prime location at the entrance to the vibrant Magazine Street corridor provides easy access to Audubon Park and Golf Course, Tulane and Loyola Universities, and numerous shops and restaurants. The current ground-floor commercial tenant recently renewed their lease, offering a new owner the option to occupy the space. This presents a unique chance for owner-occupancy, combining business operations with the consistent rental income generated by the residential units. The property's well-maintained condition and long-term tenant history contribute to its strong investment potential. This is a rare opportunity to acquire a mixed-use property in a highly desirable Uptown New Orleans location. The property's Class B designation reflects its solid condition and potential for future appreciation.