3200 Canal StNew Orleans, LA 70119

Property Details for 3200 Canal St

Year built

1923

Property size (Sq ft)

104,141 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

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.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9687

Longitude

-90.0922

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