1441 Magazine St - Hospitality FOR SALE


New Orleans, LA 70130- Lower Garden District
$3,100,000 USD
504-274-2701
1441 Magazine St, New Orleans, LA for Sale
$3,100,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1441 Magazine St
New Orleans, LA 70130
Lower Garden District


HIGHLIGHTS

  • Bed & Breakfast Ownership Opportunity!

OVERVIEW

The Terrell House presents a rare opportunity to acquire one of New Orleans’ most iconic and architecturally distinguished historic properties in the heart of the Lower Garden District. Built between 1856 and 1858 for cotton broker Richard Terrell and designed by master builder Charles Pride, this three-story stucco-over-brick mansion embodies the elegance of mid-19th-century Italianate and Greek Revival design. The property features soaring ceilings, arched windows, intricate plasterwork, and ornate cast-iron galleries that overlook a lush private courtyard—hallmarks of New Orleans’ finest period architecture. Meticulously maintained and thoughtfully modernized, the Terrell House currently operates as a successful and highly regarded bed and breakfast, offering both immediate income potential and long-term flexibility for continued hospitality use, conversion to a private residence, or mixed-use redevelopment. Its prominent location along Magazine Street provides exceptional visibility and accessibility, just minutes from the French Quarter, Garden District, and Warehouse District. Set within one of the city’s most architecturally rich neighborhoods, the Terrell House stands as a living testament to New Orleans’ craftsmanship, history, and enduring charm—a truly exceptional investment opportunity that combines historic authenticity with timeless appeal.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$387 USD /SF

# OF ROOMS

5

PRICE/ROOM

$620,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terrell House Bed & Breakfast

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1858

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,819 SF

ZONING

HU-RD2

APN/PARCEL ID

1-01-1-042-33

ASK ABOUT THIS PROPERTY

Scott WestonThe McEnery CompanyMore Info
504-274-2701

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Scott WestonThe McEnery CompanyMore Info
504-274-2701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.