Automotive Flex with Six Bay
4243 Canal CANAL Street New Orleans, LA 70119
New
4243 Canal CANAL Street, New Orleans, LA, 70119
$1,595,000
For Sale
$1,595,000
COMMERCIAL - New Orleans, LA
Property Size4,906 SF
Lot Size0.17 Acres
Price / SF$325.11
Days on Market5
Property Features for 4243 Canal CANAL Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HU-MU
- Parking features
- Garage
- Standard status
- Active
- APN
- 4243-CANALST
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- SQ 559 LOT 1-A-1 CANAL AND N HENNESSEY 57X120X100XVAR
Utilities
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
Listing Agency
Keller Williams Realty New Orleans
(504) 862-0100
8601 Leake Ave., New Orleans, LA
Listed by
Brittany Picolo
(504) 862-0100
Added: Jul 13 Checked: Jul 17 at 10:06 am
MLS# 2567519
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing automotive-oriented commercial property includes approximately 4,906 square feet total, with 1,945 square feet of office and retail space across two levels. The remaining 2,960 square feet is dedicated to warehouse/work area and storage, and is designed for vehicle access and workflow with six bay doors. The site provides eight dedicated on-site parking spaces.
The property is located at 4243 Canal CANAL Street in New Orleans, LA 70119, in zoning HU-MU. The building is currently subject to an existing lease running through mid-2031, with a scheduled rent increase in July 2026 (a rent escalation only, not a lease expiration). The lease also includes an $8,500 security deposit. The remarks further indicate that early termination would release the tenant from approximately five remaining years on the lease.
With office/retail space and warehouse/work configuration under one roof, the layout supports customer-facing functions alongside vehicle-access storage and service operations, subject to the existing lease in place.
The property is located at 4243 Canal CANAL Street in New Orleans, LA 70119, in zoning HU-MU. The building is currently subject to an existing lease running through mid-2031, with a scheduled rent increase in July 2026 (a rent escalation only, not a lease expiration). The lease also includes an $8,500 security deposit. The remarks further indicate that early termination would release the tenant from approximately five remaining years on the lease.
With office/retail space and warehouse/work configuration under one roof, the layout supports customer-facing functions alongside vehicle-access storage and service operations, subject to the existing lease in place.
Key Highlights
- Approx. 4,906 SF commercial automotive property on Canal Street in New Orleans
- Two‑level layout with 1,945 SF office/retail plus 2,960 SF warehouse/work area and storage
- Warehouse/work area includes six bay doors for vehicle access and workflow
Local Financial Insights For 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 | $113.0k | $23.04 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $110.8k | $22.58 |
| − OpEx | −$33.2k | −$6.77 |
| NOI | $77.5k | $15.81 |
4,906 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$969.3K – $1.29M
NOI $77,541 @ 7.0% cap · market cap 4.86%
Second Best
Warehouse
$563.7K
$493.2K – $657.6K
NOI $39,457 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,862 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Automotive-oriented property with two-level office/retail and warehouse/work area featuring six bay doors and eight on-site parking spaces.
Where is this flex space located?
The property is located at 4243 Canal CANAL Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Approx. 4,906 SF commercial automotive property on Canal Street in New Orleans; Two‑level layout with 1,945 SF office/retail plus 2,960 SF warehouse/work area and storage; Warehouse/work area includes six bay doors for vehicle access and workflow
