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    FOR SALE
    Medical Office Space

    3420 Canal St, New Orleans, LA 70119

    2,963 SF 0.11 ac lot Built 1900
    Entity Owned Free & Clear
    Property ID
    US36-0502203
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    CLARKANAL, LLC
    CLARKANAL, LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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