Automotive Property with Six Bay
For Sale
$1,595,000
4243 CANAL Street, New Orleans, LA 70119
Income-producing automotive property on Canal Street with office/retail space, warehouse/work area, and on-site parking.
Property Size4,906 SF
Price / SF$325.11
Days on Market18
Property Features for 4243 CANAL Street
General Information
Standard status
Active
Size
4,906 SF
Total Parking Spaces
8
Additional Details
Road Access
Yes
Warehouse Space
2,960 SF
Building Details
Building Size
4,906 SF
Year Built
1950
Listing Agency:
Keller Williams Realty New Orleans
(504) 300-5179
Listed By:
Brittany Picolo · License #995687117
(504) 300-5179
Source:
Talbot-realty
Added: Jul 13
Changed: Jul 30
Last Checked: Jul 30 at 1:21PM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
Automotive property with a total of approximately 4,906 square feet, combining office and retail space with a dedicated warehouse/work and storage area. The layout includes about 1,945 square feet of office and retail space across two levels, supported by customer reception and administration or showroom-style potential. The remaining approximately 2,960 square feet is designed for vehicle workflow and storage, and includes six bay doors for efficient access.
Located on historic Canal Street at 4243 Canal Street in New Orleans, LA 70119, the building provides street presence in a high-visibility corridor. The site includes 8 dedicated on-site parking spaces.
The property is currently subject to an existing lease running through mid-2031. A scheduled rent increase is set for July 2026 (as a rent escalation date, not a lease expiration). Built in 1950, the facility offers a practical configuration for owner-users or automotive/service-oriented tenants seeking a functional mix of office, showroom, and warehouse access.
Located on historic Canal Street at 4243 Canal Street in New Orleans, LA 70119, the building provides street presence in a high-visibility corridor. The site includes 8 dedicated on-site parking spaces.
The property is currently subject to an existing lease running through mid-2031. A scheduled rent increase is set for July 2026 (as a rent escalation date, not a lease expiration). Built in 1950, the facility offers a practical configuration for owner-users or automotive/service-oriented tenants seeking a functional mix of office, showroom, and warehouse access.
Key Highlights
- Existing lease in place through mid‑2031
- Approximately 4,906 total square feet across office/retail and warehouse/work area
- About 1,945 square feet of office and retail space across two levels
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
Office B
$1.04M
$910.7K – $1.21M
NOI $72,854 @ 7.0% cap · market cap 4.57%
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,967
Businesses Nearby
Well-served
Demand for This Use
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 Office in New Orleans, LA
Questions? Ask Rey
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Similar Off Market Nearby
- Phase III Body Shop — 8401 Olive St, New Orleans, LA 70118
- Gerber Collision & Glass — 4047 S Carrollton Ave, New Orleans, LA 70119
- Ellis Taximeter & Sign Co. llc — 3229 D'Hemecourt St, New Orleans, LA 70119
- Costco Tire Center — 3900 Dublin St, New Orleans, LA 70118
- Lewis Automotive & Tire Services — 601 South Clark Street and, D'Hemecourt St, New Orleans, LA 70119
Frequently Asked Questions
What type of property is this?
Auto shop - Income-producing automotive property on Canal Street with office/retail space, warehouse/work area, and on-site parking.
Where is this auto shop located?
The property is located at 4243 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: Existing lease in place through mid‑2031; Approximately 4,906 total square feet across office/retail and warehouse/work area; About 1,945 square feet of office and retail space across two levels
