800 Canal St New Orleans, LA 70112

This offering presents a redevelopment opportunity within the Historic Gus Mayer Building, situated at the intersection of Canal and Carondelet Streets in Downtown New Orleans, directly across from Bourbon Street. The available space encompasses approximately 28,943 square feet across a portion of the second floor and the entirety of the third and fourth floors; the final square footage is subject to adjustment based on CVS retaining a portion of the second floor for storage. The building's roof is also available for development, with zoning allowing for a building height of up to 120 feet, potentially enabling the addition of floors or rooftop amenities. The structure is noted to be in excellent condition, maintaining strong architectural integrity. Key infrastructure elements are already in place, including two sprinkler standpipes, dual elevator banks, and stairwells accessible from both Canal and Carondelet Streets. The property's eligibility for historic tax credits may further enhance its appeal for development. Located within a Federal Opportunity Zone, the property may offer tax advantages for qualifying investors and developers. The ground floor, which is not included in the sale, will continue to be operated by CVS Pharmacy.