800 Canal St New Orleans, LA 70112
- Drug stores
- 51,338 SF
- 0.26 lot acres
Current Use by Public Records
- Cardtronics ATM / Atm
- CVS / Vitamin & Supplements Store / Drug Store
- Jay A. Yancey, PharmD / Pharmacy
- CVS Photo / Passport Photo Processor / Digital Printer
- MoneyGram / Money Transfer Service
Property Details for 800 Canal St
- Year built
- 1920
- Lot size
- 0.26 lot acres
- Property size
- 51,338 SF
- Property type
- Drug stores
- APN
- 105101501
- APU
- 105101501
Description
This exceptional redevelopment opportunity presents the upper floors (partial 2nd, full 3rd & 4th) of the historic Gus Mayer Building, totaling approximately 28,943 square feet, located at the coveted intersection of Canal and Carondelet Streets in New Orleans, Louisiana (70112). Directly across from Bourbon Street, this property boasts a prime location within the city's central business district (CBD-2 zoning). The building, constructed in 1949 and featuring three stories, offers significant potential. While CVS will retain a portion of the second floor for storage, the remaining space is available for immediate development. The existing structure is in excellent condition, possessing "great bones" and ready for immediate repurposing. The building includes two sprinkler standpipes, two elevator banks, and two stairwells, accessible from both Canal and Carondelet Streets. The roof is also developable, allowing for potential expansion up to a 120-foot height limit. This opportunity is further enhanced by the availability of historic tax credits. This sale excludes the first floor, which will remain occupied by CVS. This is a truly unique chance to acquire a landmark property in a vibrant and high-demand area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.0705
- Latitude
- 29.9535
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
