3420 Canal St, New Orleans, LA 70119
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.