Office Building with ADA
3426 Canal St New Orleans, LA 70119
For Sale
Contact for pricing
ADA-accessible office building with sprinkler system and flexible HU-MU zoning on Canal Street streetcar line.
Property Size2,963 SF
Price / SF$269
Days on Market58
Property Features for 3426 Canal St
General Information
Standard status
Active
Size
2,963 SF
Property subtype
Office
Listing Agency:
Southeast Commercial Real Estate
(504) 339-2136
Listed By:
Martin O. Miller III · License #LA 0000021994
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 28 at 10:22AM
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 Southeast Commercial Real Estate
Investment Insights
Based on property information with market context.
3426 Canal Street is a 2,963-square-foot office building featuring a full sprinkler system and ADA-compliant access, including an ADA ramp and related accessibility features. The property also includes a terracotta roof installed after Hurricane Katrina and a recently replaced sewer line, supporting continued day-to-day operational reliability.
Located in the heart of Mid-City New Orleans, the building sits on Canal Street directly on the streetcar line. This setting provides strong visibility and practical accessibility for a mix of professional office users and nearby neighborhood amenities.
Zoned HU-MU (Historic Urban Mixed-Use), the property offers flexibility for a range of office, professional, and commercial uses. For tenants, it presents an office-ready environment with key building systems in place, along with ADA accommodations that can simplify workplace access. For buyers, the HU-MU zoning classification can support ownership strategies aligned with office or commercial occupancy within the broader mixed-use framework described for this site.
Located in the heart of Mid-City New Orleans, the building sits on Canal Street directly on the streetcar line. This setting provides strong visibility and practical accessibility for a mix of professional office users and nearby neighborhood amenities.
Zoned HU-MU (Historic Urban Mixed-Use), the property offers flexibility for a range of office, professional, and commercial uses. For tenants, it presents an office-ready environment with key building systems in place, along with ADA accommodations that can simplify workplace access. For buyers, the HU-MU zoning classification can support ownership strategies aligned with office or commercial occupancy within the broader mixed-use framework described for this site.
Key Highlights
- 2,963 SF office building on Canal Street in Mid‑City New Orleans
- Located on the Canal Street streetcar line with ADA‑compliant access, including an ADA ramp
- Full sprinkler system in place
Financial Insights For Office B
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 | $71.1k | $24.00 |
| − Vacancy | −$12.4k | −$4.20 |
| EGI | $58.7k | $19.80 |
| − OpEx | −$14.7k | −$4.95 |
| NOI | $44.0k | $14.85 |
2,963 SF · lease $24.00/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$628.6K
$550.0K – $733.4K
NOI $44,001 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$775.3K
$678.4K – $904.6K
NOI $54,273 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - ADA-accessible office building with sprinkler system and flexible HU-MU zoning on Canal Street streetcar line.
Where is this office building located?
The property is located at 3426 Canal St New Orleans, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,963 SF office building on Canal Street in Mid‑City New Orleans; Located on the Canal Street streetcar line with ADA‑compliant access, including an ADA ramp; Full sprinkler system in place
