Multi-Tenant Retail Building For
2700 Canal Street New Orleans, LA 70119
2700 Canal Street, New Orleans, LA, 70119
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For Sale
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Multi-tenant retail building at Canal St and Broad St corner.
Property Size8,580 SF
Price / SF$255.83
Days on Market60
Property Features for 2700 Canal Street
General Information
- Standard status
- Active
- Size
- 8,580 SF
- Property subtype
- Retail, Office
Listing Agency
Elifin Realty - New Orleans, LA
Listed by
Frank Lopiccolo · License #995717703
Source
Crexi
Added: May 20 Checked: Jul 17 at 12:17 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elifin Realty - New Orleans, LA
Investment Insights
Based on property information with market context.
The property at 2700 Canal St is a multi-tenant retail building with approximately 8,580 square feet. It is positioned at the corner of Canal St and Broad St. The two-story property has two of its three units currently occupied. One tenant operates a market deli, and the other runs a nail salon. Features include a gated parking lot, elevator access, natural gas hookup, and a steel generator installed on the roof. The location benefits from high visibility, with an annual average daily traffic count of approximately 26,083 at the Canal St/Broad St corner. It is located approximately 7 minutes from downtown New Orleans and City Park and is near a streetcar stop. The property is zoned HU-MU for Historic Urban Neighborhood Mixed-Use District.
Key Highlights
- ±8,580 SF multi‑tenant retail building at the corner of Canal St and Broad St.
- Located at a high‑visibility corner with ±26,083 annual average daily traffic.
- Two of three units are currently occupied by tenants (market deli and nail salon).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.7k | $23.04 |
| − Vacancy | −$4.0k | −$0.46 |
| EGI | $193.7k | $22.58 |
| − OpEx | −$48.4k | −$5.64 |
| NOI | $145.3k | $16.93 |
8,580 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.08M
$1.82M – $2.42M
NOI $145,297 @ 7.0% cap · market cap 6.62%
Second Best
Retail
$1.94M
$1.70M – $2.26M
NOI $135,611 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$2.25M
$1.96M – $2.62M
NOI $157,158 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Louisiana Rehabilitation
Medical Clinic
Canal Mart & Eatery
Restaurant
Eat-Well Food Mart
Restaurant
Nail Spa 27
Nail Salon
Aristocat Salon + Nail ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-tenant retail building at Canal St and Broad St corner.
Where is this retail space located?
The property is located at 2700 Canal Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: ±8,580 SF multi‑tenant retail building at the corner of Canal St and Broad St.; Located at a high‑visibility corner with ±26,083 annual average daily traffic.; Two of three units are currently occupied by tenants (market deli and nail salon).
