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    4240 Canal St New Orleans, LA 70119

    Sponsored
    For Sale
    $1,200,000

    Prime Canal Street location, 5,000 SF office space.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story office building, located at 4240 Canal Street in New Orleans' vibrant Mid-City neighborhood (zip code 70119), presents a unique investment opportunity. The property boasts 5,000 square feet of traditional office space, currently priced at $1,200,000 ($240 per square foot). The building is classified as Class B and sits on a 3,456 square foot lot, zoned HU-MU. Offering flexibility for owner-users, the building features separate access and electric meters for each floor, allowing for full occupancy or floor-by-floor leasing. Convenience is enhanced by the inclusion of an ADA-compliant ramp and three HVAC units for optimal climate control. The property includes one parking space. Detailed floor plans and further property information are available upon request. This presents a rare chance to acquire a well-maintained, adaptable office building in a highly desirable New Orleans location. Serious inquiries are encouraged.

    Property Features for 4240 Canal St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,000 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Shearman-Denenea LLC Attorney John Fox & Associates ... Attorney John H Denenea ... Lawyer

    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
    -90.1033477
    Latitude
    29.9759382

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Canal Street location, 5,000 SF office space.
    Where is this office property / space located?
    The property is located at 4240 Canal St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    4240 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
    4240 Canal St New Orleans, LA 70119
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