3432 Canal St New Orleans, LA 70119
Exceptional investment opportunity in the heart of Midcity New Orleans. This portfolio consists of four buildings situated at the corner of Canal Street and South Clark Street, offering a combined land area of approximately 23,542 square feet. The buildings, individually addressable from 3420 to 3432 Canal Street and 118 to 124 South Clark Street, present a unique chance to acquire a significant footprint in a vibrant urban setting. Individual building pricing is available. Two buildings, 3432 Canal and 3426 Canal, were previously leased to the VA and feature sprinkler systems; 3432 Canal also includes a functioning elevator. The property is zoned HUMU (Historic Urban Mixed Use), allowing for a wide range of commercial uses, including retail, restaurants, or office spaces. The total asking price for the entire portfolio is $2,750,000. The buildings offer a combined square footage ranging from 1,600 to 12,422 square feet, providing flexibility for various development plans. This is a rare opportunity to acquire a substantial property in a rapidly growing area with significant redevelopment potential. The historical character of the neighborhood, combined with its proximity to the city's bustling activity, makes this an attractive investment for discerning buyers.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.