Catylist ID: #30359684
Canal & I-10, Within the Opportunity Zone & Bio-Med. District
Retail-Commercial for SaleAlso listed as Hospitality, Multi-Family
|Catylist Listing ID:||30359684|
|Property Subtypes:||Free-Standing Building, Mixed Use, Street Retail|
|Building Size (RSF):||157,000 SF|
|Gross Land Area:||2.98 Acres|
|Unit Price:||$114.65 PSF|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
This offering includes land in two city squares with two buildings & parking situated in one square, and additional land in the other square:
The two buildings sit on the main parcel (entirety of Square 188), land totaling 80,577+/- sq ft bounded by Canal, I-10, Iberville & N. Robertson Streets. Zoned CBD-7. There is also a 46+/- space surface parking lot within this square.
The building at 1615 Canal Street is one floor totaling 12,545+/- Sq Ft. One tenant currently occupies 6,000+/- sq ft in this building.
The Main building at 1661 Canal Street (also 1630 Iberville) is three floors totaling 144,000+/- sq ft (GBA). Four tenants currently occupy space in this building on the first & second floors & roof. The third floor is shell space.
The additional / surplus land is 49,255+/- sq ft of land in Square 215 bounded by Iberville, I-10, Bienville & N. Derbigny Streets currently used for surface parking. Zoned MU-1. One lot is leased land. A month-to-month tenant occupies the corner of Bienville & Claiborne.
THE GATEWAY TO DOWNTOWN NEW ORLEANS
(French Quarter, CBD, & Warehouse District)
* EXISTING INCOME / TENANTS IN PLACE
* MAIN BUILDING BUILT 1960'S, may qualify for historic tax credits
* 150,000 + CARS / DAY (combined traffic)
* ADJACENT TO NEW $2.5-BILLION LSU & VA MEDICAL CENTERS
* AREA EXPERIENCING TREMENDOUS REDEVELOPMENT
Survey, property outline and zoning ordinance links attached below.
Contact me for further information...
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Submarket/Township:||Greater New Orleans|
|Submarket Type:||Central Business District|
|Taxing Authority:||City of New Orleans, LA|
|Zoning:||CBD-7 & MU-1|
|Retail Clientele:||General, Family, Business, Traveler, Tourist, Recreation, Convention|
|Total Number of Buildings:||2|
|Proximity:||1 mile||3 miles||5 miles|
Randy ArgoteDon Randon Real Estate, Inc.
New Orleans, LA
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