Property profile

3420 Canal St New Orleans, LA 70119

FOR SALE
Medical Office Space
Property ID
US36-0502203
2,963 SF 0.11 ac lot Built 1900
Entity Owned Free & Clear
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3420 Canal St, New Orleans, LA 70119 For Sale
$1,250,000 2,963 SF
3420 Canal St, New Orleans, LA 70119
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Property summary

AI-generated overview

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 profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1900
Total area 2,963 SF
Lot 0.11 ac (4,800 SF)
APN 105300106
UPID US36-0502203

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3420 Canal St New Orleans, LA 70119
New Orleans metro Census 6400 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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