365 Canal StNew Orleans, LA 70130

  • Office properties
  • 652,548 SF
For Lease
$14/SF/YR View listing

Property Details for 365 Canal St

Year built
1979
Lot size
0.68 AC
Property size (Sq ft)
652,548 SF
Property type
Office properties
Property subtype
Office buildings
APN
206100301
APU
206100301

Description

This 32-story, Class A office tower, One Canal Place (365 Canal St, New Orleans, LA 70130), offers 177,346 square feet of immediately available space, divisible to a minimum of 328 square feet and with a maximum contiguous space of 21,833 square feet. Built in 1979, the property boasts stunning views of the Mississippi River and the French Quarter. Located in the Central Business District, near the French Quarter, it enjoys unparalleled access to amenities including the Ernest N. Morial Convention Center, Audubon Aquarium of the Americas, Woldenberg Park, the Four Seasons Hotel, and numerous restaurants such as Shake Shack and Brasa. The building is part of a mixed-use complex that also features a 1,650-space parking garage and retail shops. Its convenient location provides easy access to the Medical District and major universities including Tulane, LSU, and VA Hospitals via Canal Street. On-site property management and engineering services ensure seamless operations. The building offers flexible floor plans to accommodate various office needs, from traditional layouts to creative designs. This is a rare opportunity to secure prime office space in a vibrant and highly desirable location in the heart of New Orleans. The property is in Orleans Parish, and crosses N. Peters St.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $103,482,040
    6.5%
    $95,521,880
    7%
    $88,698,888
  • Comparable approach

    Method
    Valuation
    Relative Method
    $49,776,940
    Geo Method
    $46,389,636
  • Alternative Use

    Use
    Valuation
    Residential
    $118,447,136
    Hospitality
    $108,496,936
    Educational
    $90,268,184
    Medical
    $93,372,640
    Retail
    $140,417,168
365 Canal St, New Orleans, Louisiana

Location Insight

City
New Orleans
County
Orleans
State
Louisiana
Latitude
29.9514
Longitude
-90.0655
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$296,260
$5,391,920
$5,688,180
-
$2,962,600
$35,946,100
$38,908,700

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