Three-Story Mixed-Use
For Sale
Contact for pricing
3301-05 Canal Street, New Orleans, LA 70119
Fully occupied property with commercial and residential unit mix.
Property Size8,980 SF
Price / SF$189.31
Days on Market57
Property Features for 3301-05 Canal Street
General Information
Standard status
Active
Size
8,980 SF
Class
A
Total Parking Spaces
12
Property subtype
Mixed Use
Zoning
Mixed Use
Occupancy
100%
Investment Type
Stabilized
Building Details
Buildings
1
Stories
3
Units
9
Tenancy
Multi
Listing Agency:
Bridgewater Realty Advisors
Listed By:
Mason Mccullough · License #LA9705
(504) 274-2701
Source:
Crexi
Added: Aug 25
Changed: Oct 15
Last Checked: Oct 19 at 5:32AM
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 Bridgewater Realty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story mixed-use building contains approximately 8,980 square feet and nine total units: two commercial suites and seven residential units. Mixed Use zoning supports the property’s combined commercial and residential configuration. The asset is reported as 100% occupied and includes a dedicated tenant parking lot.
The property occupies a corner site on Canal Street in New Orleans, with frontage along the street and a highly visible position. Its setting provides access to nearby employment centers, medical institutions, restaurants, retail, and surrounding neighborhoods. The combination of nine units, two income-producing components, full occupancy, and on-site parking creates a diversified mixed-use profile.
The property occupies a corner site on Canal Street in New Orleans, with frontage along the street and a highly visible position. Its setting provides access to nearby employment centers, medical institutions, restaurants, retail, and surrounding neighborhoods. The combination of nine units, two income-producing components, full occupancy, and on-site parking creates a diversified mixed-use profile.
Key Highlights
- Approximately 8,980‑square‑foot, three‑story mixed‑use building
- Nine total units: two commercial suites and seven residential units
- Reported 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,536
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,720
$2.4M
Cap Rate 7%
$1,693,371
$1.7M
Cap Rate 9%
$1,317,067
$1.3M
Market Conditions
NOI Build-Up for 8,980 SF
Gross rent
$215.5K $24.00/SF
− Vacancy
−$25.9K −$2.88/SF
EGI
$189.7K $21.12/SF
− OpEx
−$71.1K −$7.92/SF
NOI
$118.5K $13.20/SF
Area
ZIP 70119
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,720
Cap Rate 7%
$1,693,371
Cap Rate 9%
$1,317,067
Alternative Uses
Best Use
Mixed Use
$1.69M
$1.48M – $1.98M
NOI $118,536 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,517 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,485 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property with commercial and residential unit mix.
Where is this mixed-use property located?
The property is located at 3301-05 Canal Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 8,980‑square‑foot, three‑story mixed‑use building; Nine total units: two commercial suites and seven residential units; Reported 100% occupancy
