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    800 Canal St New Orleans, LA 70112

    Sponsored
    For Sale
    Contact for pricing

    Historic Gus Mayer Building, prime location.

    Property size:
    28,943 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents the upper floors (partial 2nd, full 3rd & 4th) of the historic Gus Mayer Building, totaling approximately 28,943 square feet, located at the coveted intersection of Canal and Carondelet Streets in New Orleans, Louisiana (70112). Directly across from Bourbon Street, this property boasts a prime location within the city's central business district (CBD-2 zoning). The building, constructed in 1949 and featuring three stories, offers significant potential. While CVS will retain a portion of the second floor for storage, the remaining space is available for immediate development. The existing structure is in excellent condition, possessing "great bones" and ready for immediate repurposing. The building includes two sprinkler standpipes, two elevator banks, and two stairwells, accessible from both Canal and Carondelet Streets. The roof is also developable, allowing for potential expansion up to a 120-foot height limit. This opportunity is further enhanced by the availability of historic tax credits. This sale excludes the first floor, which will remain occupied by CVS. This is a truly unique chance to acquire a landmark property in a vibrant and high-demand area.

    Property Features for 800 Canal St

    General Information

    Property type
    Hotels
    Square Feet
    28,943 SF

    Building Details

    Year Built
    1949
    Stories
    3

    HighLights

    • Prime redevelopment opportunity in New Orleans' Central Business District (CBD).
    • 28,943 square feet available across the upper floors of the historic Gus Mayer Building.
    • Located at Canal & Carondelet Streets, directly across from Bourbon Street.
    • Opportunity Zone designation.
    • Building features two sprinkler systems, two elevator banks, and two stairwells.
    • Historic tax credits may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm CVS Drug Store Jay A. Yancey, PharmD Pharmacy CVS Photo Passport Photo Processor MoneyGram Money Transfer Service

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Pharmacy Auto Repair Shop

    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
    -90.070193559073
    Latitude
    29.953826568118

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    FAQs

    What type of property is this?
    Hotel - Historic Gus Mayer Building, prime location.
    Where is this hotel located?
    The property is located at 800 Canal St New Orleans, LA.
    What are key features of this property?
    This property features: Prime redevelopment opportunity in New Orleans' Central Business District (CBD).; 28,943 square feet available across the upper floors of the historic Gus Mayer Building.; Located at Canal & Carondelet Streets, directly across from Bourbon Street.
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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
    800 Canal St New Orleans, LA 70112
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