For Sale
$1,950,000

3200 Canal StNew Orleans, LA 70119

New Orleans mixed-use, 104,141 SF

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 2.25-acre redevelopment opportunity in New Orleans' Mid-City presents a unique chance to acquire a prominent city block. The property, located at 3200 Canal Street, comprises six historic masonry buildings totaling over 104,141 square feet. Built in 1923 and zoned HU-MU, the site includes a former sanctuary, rectory, and several mid-century school buildings. Currently, 109 senior housing units, completed in 2013, operate under a long-term absolute net lease, providing immediate income and future redevelopment potential. This prime location offers easy access to City Park, the French Quarter, the Lafitte Greenway, and major transportation arteries including I-10 and US 90. The vibrant neighborhood boasts numerous restaurants and bars, and the property benefits from its proximity to the Canal streetcar line. Eligible for Federal Opportunity Zone and Historic Tax Credit programs, this property represents a generational investment opportunity for patient capital seeking dense, city-center development, exceedingly rare in this location. The asking price is $1,950,000 ($18.72/SF). Further details are available upon request.

Highlights

  • 2.25-acre redevelopment opportunity in New Orleans' Mid-City.
  • Six historic masonry buildings totaling 104,141 square feet at 3200 Canal Street.
  • 109 senior housing units under a long-term absolute net lease, generating immediate income.
  • Prime location near City Park, French Quarter, Lafitte Greenway, I-10, and US 90, plus the Canal streetcar line.
  • Eligible for Federal Opportunity Zone and Historic Tax Credits; asking price: $1,950,000 ($18.72/SF).

Property Details for 3200 Canal St

Property type
Mixed-use properties
Square Feet
104,141 SF
Year Built
1923
Buildings
6
Stories
2

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.968716331942
Longitude
-90.092238426688
3200 Canal St, New Orleans, Louisiana

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3200 Canal St
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