Canal & I-10, within the Opportunity Zone

Retail-Commercial for Sale
Also 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
Sale Price: $18,000,000
Unit Price: $114.65 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2019

Overview / Comments

Offering includes land in two city squares, two buildings & parking in one square and additional land in the other square, and multiple redevelopment options for medical, retail, residential, hospitality or government use.

The Main building at 1661 Canal Street is 3-floors totaling 144,000+/- sq ft with a large floorplate, was constructed in the 1960's, and built to accommodate additional floors. Over 100,000 sq ft is currently available. Please see the sales brochure attached below, and zoning links, for additional property details.

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

Contact me to obtain financial information.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Submarket Type: Central Business District
Taxing Authority: City of New Orleans, LA
Tax ID/APN: 41181595
Zoning: CBD-7 & MU-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Total Number of Buildings: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,333 200,989 405,750
Median Age: 36.96 35.92 37.02
Households: 9,777 87,577 171,436

Contact

Photograph of Listing Agent

Randy Argote

Don Randon Real Estate, Inc.
New Orleans, LA
LACDB Member
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