$4,750,000
New Orleans, LA 70115
MLS# NO2555122
14096 sqft
1 / 58
Property 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.
Details
Documents
Listing Info
Delayed Marketing: No
For Sale: Yes
List Price/SqFt: 336.98
Document Modified: 2026-05-13 10:26:20.646857
Status: Active
Listing Date: 2026-05-13
Listing Price: 4750000
Current Price: $4,750,000
Modification Timestamp: 2026-05-13T15:27:34Z
Photo Modified: 2026-05-13T15:26:26Z
Location, Tax & Legal Info
Legal Desc: SQ 124 LOTS 1 2 MAGAZINE, FILE # 10683 HARMONY THRU NINTH, 35'/54'X165'
General Property Description
Lot Dimensions: 33/53x167-168
Stories: 2
SqFt - Total: 14096
SqFt - Source: Appraiser
Acreage Range: 0 - 0.5
SqFt - Office: 7048
Load Dock?: 0
Acres: 0.16
Sale/Lease Info
Lease Purchase: No
Remarks & Misc
Remarks: 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.
Office/Member/Contract Info
List AOR: NOMAR
Property Type
Restaurant: 1
Retail: 1
Parking
None: 1
Construction
Stucco: 1
Features
Handicap Design: 1
Living Space Available: 1
Landlord Pays
Building Insurance: 1
Janitorial: 1
Property Taxes: 1
Originating Details
Originating System ID: ROAMM
Originating System Key: 57919945
Originating System Listing ID: 2555122
Originating System Name: ROAM Matrix
Location Tax Legal Info
Street Number: 3138
Street Name: MAGAZINE Street
Parish: Orleans
State: LA
Zip Code: 70115
Tax Assessment Number: 411201920
Zone: HU-B1
Directions: Bounding Streets: 9th St., Harmony St., Magazine St., Constance St.
Property Features
Property Type: Restaurant; Retail
Features: Handicap Design; Living Space Available
Construction: Stucco
Landlord Pays: Building Insurance; Janitorial; Property Taxes
Parking: None
Lead Based Paint Disclosure IDX
Listing Office: Crescent Sotheby's International
Last Updated: May - 13 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
GUIDRY & CO. REAL ESTATE, Lafayette, LA. All offices are independently owned and operated. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana; MLS Real Estate listings held by brokerage firms other than GUIDRY & CO. REAL ESTATE are marked with the MLS approved icon for
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. “Information Deemed Reliable But Not Guaranteed”. Copyright 2016 REALTOR® Association of Acadiana, All rights reserved.
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