Catylist ID:
#30762789
| 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 |
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 |
Contact
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |
