3420 Canal St New Orleans, LA 70119
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.