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    3200 Canal St New Orleans, LA 70119

    For Sale
    $1,950,000

    New Orleans mixed-use, 104,141 SF

    Property size:
    104,141 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.25-acre redevelopment opportunity in New Orleans' Mid-City presents a unique chance to acquire a prominent city block. The property, located at 3200 Canal Street, comprises six historic masonry buildings totaling over 104,141 square feet. Built in 1923 and zoned HU-MU, the site includes a former sanctuary, rectory, and several mid-century school buildings. Currently, 109 senior housing units, completed in 2013, operate under a long-term absolute net lease, providing immediate income and future redevelopment potential. This prime location offers easy access to City Park, the French Quarter, the Lafitte Greenway, and major transportation arteries including I-10 and US 90. The vibrant neighborhood boasts numerous restaurants and bars, and the property benefits from its proximity to the Canal streetcar line. Eligible for Federal Opportunity Zone and Historic Tax Credit programs, this property represents a generational investment opportunity for patient capital seeking dense, city-center development, exceedingly rare in this location. The asking price is $1,950,000 ($18.72/SF). Further details are available upon request.

    Property Features for 3200 Canal St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    104,141 SF

    Building Details

    Year Built
    1923
    Buildings
    6
    Stories
    2

    HighLights

    • 2.25‑acre redevelopment opportunity in New Orleans' Mid‑City.
    • Six historic masonry buildings totaling 104,141 square feet at 3200 Canal Street.
    • 109 senior housing units under a long‑term absolute net lease, generating immediate income.
    • Prime location near City Park, French Quarter, Lafitte Greenway, I‑10, and US 90, plus the Canal streetcar line.
    • Eligible for Federal Opportunity Zone and Historic Tax Credits; asking price: $1,950,000 ($18.72/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bishop Toris Young Church Greater Bibleway Church ... Church Spiritus Telluris Rex Religious School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -90.092238426688
    Latitude
    29.968716331942

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    FAQs

    What type of property is this?
    Mixed-use property - New Orleans mixed-use, 104,141 SF
    Where is this mixed-use property located?
    The property is located at 3200 Canal St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 2.25-acre redevelopment opportunity in New Orleans' Mid-City.; Six historic masonry buildings totaling 104,141 square feet at 3200 Canal Street.; 109 senior housing units under a long-term absolute net lease, generating immediate income.
    (504) 717-3648
    Request Owner's contact information
    3200 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
    3200 Canal St New Orleans, LA 70119
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