4240 Canal Street

Office for Sale
Catylist Listing ID: 30762789
Property Subtypes: Office Building
Building Size (RSF): 5,003 SF
Gross Building Area: See Agent
Gross Land Area: 3,456 SF
Sale Price: $1,245,000
Unit Price: $248.85 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: 4240 Canal Street
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/25/2023

Overview / Comments

Great opportunity to be in Mid City!
This is a highly visible two-story building at the southwest corner of Hennessy Street, and most recently occupied by two law firms, including the current owner's practice.
Each floor is separately metered for electricity and each floor has two sets of restrooms and a kitchen. The ground floor's main entry is from Canal Street and the second floor walk-up entry is from Hennessy Street. Enjoy the view of the Street Car from the second floor balcony. There is a drive way and limited parking.
Move your business and have rental income. Tired of the Downtown high rise office building and CBD parking rates?
Please call and schedule an appointment to view this property.
Note: The owners shall be relocating their practice and are constructing a new office building. They may consider a lease back for some mutually agreeable period and rate. The owners currently occupy the second floor.
The property shall be sold as is where is with a Waiver of Warranty and Redhibition Rights.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Taxing Authority: Orleans Parish
Tax ID/APN: 41034972
Zoning: HU-MU
Property Located Between: Carrollton Avenue and City Park Avenue
Property Visibility: Good
Site Description: The lot size is 32' by 108'. There is an emergency stairwell in the rear driveway area.
Area Description: Enjoy Mid City! With easy access to and from the Lakefront, the CBD, French Quarter and the Uptown and University areas, as well as Old Metairie. Ride the Canal Street Car line. And enjoy the neighborhood restaurants, to name a few, Mandina's, Venezia's, Brocato's and even the Beach Club bar and grill.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,500 SF
Year Built: 1999
Year Renovated: 2006
Roof Type: Arched
Construction/Siding: Stucco
Exterior Description: Two-story stucco structure with a pitched seal tab roof. A center stair serves the second floor and there is both a driveway and emergency stairs at the rear of the property. There is a balcony that runs the entire building frontage on Canal Street and a small balcony on Hennessy Street. The building being on a corner provides greater visibility to the property.
Parking Type: Other
Parking Description: Limited off street parking via the driveway at the rear of the property. On-street parking available along both Canal and Hennessy Streets.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: The ground floor unit has a center hallway and is shotgun style with offices and work spaces on either side of the hallway. The main ground floor conference room is off the reception and waiting areas. The second floor has two partner offices with access to the Canal Street balcony. We have a Matterport view of the second floor, please refer to it. There are break rooms on each floor, the ground floor break room will include the refrigerator and electric stove/oven. The upper break room shall include the refrigerator, microwave and toaster oven. There are closed circuit security cameras and monitors, this equipment is included. Intercoms and automatic door openers shall remain. Cox cable provides service to the building and there is Cat 5 cabling, some offices have multiple connections and the telecom board on the second floor shall remain, Any prospect interested in the telecom capabilities should rely on their own inspections based on their needs.
Zoning Description: HU-MU This is an Historic Urban Neighborhood Mixed Use District with various overlay descriptions, a buyer should verify its planned use with the City.
Lot Frontage: 32
Lot Depth: 108
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,211 189,306 369,828
Median Age: 33.8 37.2 37.39
Households: 9,578 82,649 160,452


Photograph of Listing Agent

Robert K Stevens

The Stevens Group Inc Metairie, LA 70006
LACDB Member
Photograph of Listing Agent

Rob Stevens

The Stevens Group Inc Not a member of LACDB
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