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    3434 Canal St New Orleans, LA 70119

    For Sale
    $1,600,000

    6,099 SF building suitable for office, retail, or multifamily use.

    Lot size:
    0.54 Acres

    Property Features for 3434 Canal St

    General Information

    Lot size
    0.54 Acres

    Source: Southeast Commercial Real Estate Agent Matt Eaton CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Building with Redevelopment Potential

    Located at the corner of Canal Street and S. Clark, this 6,099 sq ft building presents opportunities for office, multi-family, and retail use. The property is zoned HU-MU, offering flexibility for various commercial applications. Noteworthy features include off-street parking, a full sprinkler system, an elevator, a new roof (less than two years old), and ADA ramp/features. The building is currently leased to the VA until August 1, 2024, and cannot be accessed until the lease expires. This property can be purchased individually or as part of a four-building bulk sale package, including 3420, 3426, 3432 Canal Street, and 118, 124 S. Clark Street. It is suitable for businesses seeking a location in Mid-City New Orleans.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0952841
    Latitude
    29.970434

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    FAQs

    What type of property is this?
    Office building - 6,099 SF building suitable for office, retail, or multifamily use.
    Where is this office building located?
    The property is located at 3434 Canal St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Prime location at the corner of Canal Street and S. Clark.; - HU-MU zoning allows for office, multi-family, and/or retail use.; - 6,099 sq ft building with exceptional potential.
    (504) 339-2136
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    3434 Canal St New Orleans, LA 70119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3434 Canal St New Orleans, LA 70119
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