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
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/30/2021

Overview / Comments

Former freestanding Walgreens (1615 Canal St)

Plus, 3-story multi-use building, with large floorplate (1661 Canal St). Additional floors MAY be added.

Plus additional land (3 +/- acre downtown site)

Multiple redevelopment options for medical, retail, residential, hospitality or government use. Some existing income & tenants.

Gateway to Downtown New Orleans ***French Qtr * CBD * Whse Distr***

* 150,000 + Cars per Day (combined traffic)

* Adjacent to New $2.5-Billion LSU & VA Medical Centers

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


Photograph of Listing Agent

Randy Argote

Don Randon Real Estate, Inc.
New Orleans, LA
LACDB Member
Photograph of Listing Agent

Don Randon

Don Randon Real Estate Inc New Orleans, LA
LACDB Member
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