2623 Canal StNew Orleans, LA 70119

Property Details for 2623 Canal St

Lot size

0.08 AC

Property type

Commercial land

APN

206203729

APU

206203729

Description

This exceptional 0.2-acre commercial land parcel presents a remarkable development opportunity in the heart of New Orleans. Located at 2623, 2625, and 2629 Canal Street, this property boasts 113 feet of frontage on the iconic Canal Street and approximately 157 feet of depth. Its strategic position adjacent to the bustling intersection of Canal and Broad Streets ensures high visibility and accessibility. The property comprises three parcels totaling approximately 17,748 square feet. The HU-MU zoning designation allows for a diverse range of uses, including medical facilities, restaurants, office spaces, and residential developments, providing significant flexibility for potential investors. This prime location, combined with the versatile zoning and substantial lot size, makes this an unparalleled investment prospect in a vibrant and rapidly growing market. All offers are subject to the approval of the Walgreens Real Estate Committee. The asking price for this exceptional property is $750,000, representing a land value of $1,840,771 per acre. This presents a unique chance to acquire a significant piece of New Orleans real estate in a highly desirable area.

• Alternative Use

  Use

  Valuation

  Residential

  $659,443

  Hospitality

  $604,047

  Educational

  $502,560

  Medical

  $519,843

  Retail

  $781,759

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9654

Longitude

-90.0863

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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