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    3426 Canal St New Orleans, LA 70119

    Sponsored
    For Sale
    $1,100,000

    Two B-Class buildings, flexible zoning.

    Property size:
    4,563 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two adjacent commercial buildings at 3420 and 3426 Canal Street in New Orleans, Louisiana, totaling 4,563 square feet on a 0.24-acre lot. The property consists of two buildings: 3426 Canal Street, a 2,963 square foot, fully functional office building featuring a full sprinkler system, a terracotta roof installed after Hurricane Katrina, a new sewer line, and ADA-compliant accessibility features. This building sits on a 4,800 square foot lot. Adjacent to it is 3420 Canal Street, a 1,600 square foot building currently used for storage, which includes a 1,100 square foot clear-span storage shed. This building was raised and shored after Hurricane Katrina and received a new roof after Hurricane Ida. Both buildings are currently vacant and are zoned HU-MU, allowing for a variety of commercial uses. The asking price for this combined property is $1,100,000. Multiple purchase options are available, including purchasing the buildings individually or as a package. The potential exists to demolish 3420 Canal Street to create additional off-street parking. This property is located in the vibrant New Orleans, LA, 70119 zip code, offering excellent potential for a variety of commercial ventures. The buildings are two stories each.

    Property Features for 3426 Canal St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,563 SF
    Class
    B
    Lot Size
    10,454 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • Two adjacent Class B office buildings totaling 4,563 square feet at 3420 and 3426 Canal Street, New Orleans, LA, are offered for sale as a package.
    • 3426 Canal Street: 2,963 square foot office building on a 0.24‑acre lot with a sprinkler system, terracotta roof, new sewer line, and ADA accessibility features.
    • 3420 Canal Street: 1,600 square foot shell building with a new roof, currently used for storage, plus a 1,100 square foot storage shed.
    • Both buildings are HU‑MU zoned, allowing for flexible commercial use.
    • Multiple purchase options are available, including individual building purchases or a portfolio purchase.
    • Demolition of 3420 Canal Street offers potential for additional parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0951405
    Latitude
    29.9703644

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    FAQs

    What type of property is this?
    Office Property / Space - Two B-Class buildings, flexible zoning.
    Where is this office property / space located?
    The property is located at 3426 Canal St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Two adjacent Class B office buildings totaling 4,563 square feet at 3420 and 3426 Canal Street, New Orleans, LA, are offered for sale as a package.; 3426 Canal Street: 2,963 square foot office building on a 0.24-acre lot with a sprinkler system, terracotta roof, new sewer line, and ADA accessibility features.; 3420 Canal Street: 1,600 square foot shell building with a new roof, currently used for storage, plus a 1,100 square foot storage shed.
    (504) 339-2136
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    3426 Canal St New Orleans, LA 70119
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    New Orleans, LA 70119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3426 Canal St New Orleans, LA 70119
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