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    2623 Canal St New Orleans, LA 70130

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    For Sale
    $675,000

    Development opportunity with frontage on Canal Street in New Orleans.

    Lot size:
    0.41 Acres

    Property Features for 2623 Canal St

    General Information

    Lot size
    0.41 Acres

    Source: SRS Real Estate Partners - Corporate Agent Macon McColm

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

    Overview

    Vacant Land on Canal Street

    This vacant land site presents a development opportunity with 113 feet of frontage on Canal Street and a depth of approximately 157 feet. The site is adjacent to the intersection of Canal and Broad Streets and comprises three parcels: 2623, 2625, and 2629 Canal Street. The HU-MU zoning allows for a variety of permitted uses, including medical, restaurant, office, and residential. All offers are subject to approval by the Walgreens Real Estate Committee.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0863745
    Latitude
    29.9652336

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    FAQs

    What type of property is this?
    Land - Development opportunity with frontage on Canal Street in New Orleans.
    Where is this land located?
    The property is located at 2623 Canal St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Prime location with **113' frontage on Canal Street**.; - HU-MU Zoning allows for diverse development options including medical, restaurant, office, or residential.; - High-traffic location adjacent to Canal and Broad Streets intersection.
    (214) 560-3298
    Request Owner's contact information
    2623 Canal St New Orleans, LA 70130
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    New Orleans, LA 70130
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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
    2623 Canal St New Orleans, LA 70130
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