Automotive Flex with Six Bay
4243 CANAL Street New Orleans, LA 70119
For Sale
$1,595,000
COMMERCIAL - New Orleans, LA
Property Size4,906 SF
Lot Size0.17 Acres
Price / SF$325.11
Days on Market16
Property Features for 4243 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
Listed By:
Brittany Picolo · License #995687117
(504) 300-5179
Added: Jul 13
Changed: Jul 27
Last Checked: Jul 28 at 5:06PM
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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Mayas Food Connection — 4301 Tulane Ave, New Orleans, LA 70119
- Sodexo — 4621 Canal St, New Orleans, LA 70119
- Toulouse Gourmet Catering — 3811 Toulouse St, New Orleans, LA 70119
- The High Horse Mobile Bar — 3828 Bienville St, New Orleans, LA 70119
Frequently Asked Questions
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 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
