$110,000
22.1 Acres with Over 2,200 Ft of River Frontage on Bogue Chitto – Parcel D
Franklinton, Louisiana
Soft OfferCommercial Property for Sale in New Orleans Louisiana 70112
1630 Canal St, New Orleans, Louisiana 70112
$13,995,000
$130 / sq ft Listed Jul 31, 2024
108,000 sqft
Building
108,000 sqft
Lot
1963
Built
6
Stories
200
Units
Class B
Class
About this property
Commercial Property for Sale in New Orleans Louisiana 70112 is a lodging and hospitality for sale in New Orleans, Louisiana, listed at $13,995,000. Key details: year built 1963, building size 108,000 sqft, lot size 108,000 sqft, stories 6. Listed by Chris Talbot of Talbot Realty Group on LoopingCloud and last updated July 31, 2024.
Talbot Realty Group Presents this Multi-family / Hotel Development Opportunity (“the Property”), a ±200 Room (±108,000 Sf) CBD Redevelopment Site. This highly visible building is ideally located on Canal Street in the Biomedical District of New Orleans, Louisiana. The Property offers approximately 180 feet of frontage along prominent Canal Street and is directly situated on the Streetcar Line. Its highly visible positioning is in the epicenter of New Orleans businesses and transportation routes allowing for first-class convenience and accessibility.
1630 Canal St. is in the city’s Biomedical District, which provides world-class biosciences research and development, healthcare delivery, and high-paying jobs. The Biomedical District— which includes the Veterans Administration Hospital, the new University Medical Center, the Louisiana Cancer Research Center, and the New Orleans Bioinnovation Center—is creating an economic impact of $3.3 billion and has created 34,000 new jobs in the region.
The property has been determined to qualify for historic tax credits on the Federal and State levels and is located in an opportunity zone. The Canal Street location offers the opportunity to redevelop an impressive short/ long-term stay service or hotel tower, with direct access to the CBD, Medical District, Warehouse District, and the French Quarter. 1630 Canal Street is strategically located for walkability to the most acclaimed restaurants, premier shopping, and entertainment in the heart of New Orleans. It is only blocks away from the Superdome, and a drive of less than five minutes to Caesar's Casino and the Convention Center.
Key highlights
- 25% Tax Credit Available
- Single Building With Attached Garage
- Currently Vacant and Remediated
- Outdoor Pool and Cabana
- Full-service Hotel Strategically Located
- Attached Parking Garage With 125+ Spots
- Offices for Staff Laundry Facility
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1963
- Building Size
- 108,000 sqft
- Lot Size
- 108,000 sqft
- Stories
- 6
- Total Units
- 200
- Building Class
- Class B
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Vacant investment property
Investment snapshot
$130
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $13,995,000 | - | - | - | - |
Features and amenities
Highlights
- Owner Financing / Creative Financing Available
- 25% Tax Credit Available
- Single Building With Attached Garage
- Steel Frame Blank Canvas Ready for Development
- Currently Vacant and Remediated
- Outdoor Pool and Cabana
- Potential for Rooftop Development and Entertainment
- Full-service Hotel Strategically Located
- Attached Parking Garage With 125+ Spots
- Outdoor Pool and Cabana
- Two Conference Halls With a Prep Kitchen and Bar Private
- Offices for Staff Laundry Facility
Location
Address as shown by the lister.
Get directionsAbout this area - New Orleans
- Population
- 6,259
- Housing units
- 3,151
- Land area
- 0.9 sq mi
- County
- Orleans
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadFrequently asked questions
What is the asking price of Commercial Property for Sale in New Orleans Louisiana 70112?
Commercial Property for Sale in New Orleans Louisiana 70112 is listed at $13,995,000. That works out to about $130 per square foot.
Where is Commercial Property for Sale in New Orleans Louisiana 70112 located?
The property is in 1630 Canal St, New Orleans, Louisiana 70112, Orleans County.
What type of property is this?
This is a lodging and hospitality for sale in the commercial category.
How big is the property?
The building is 108,000 sqft. The lot is 108,000 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Chris Talbot of Talbot Realty Group listed this property. Use the Request Info button to send a message or call (504) 319-1452.
When was this listing published?
It was published on July 31, 2024 and last updated on July 31, 2024.
Listing information
- Listing ID
- CL-Louisiana-11131
- Published
- Jul 31, 2024
- Last updated
- Jul 31, 2024
- Views
- 678
Report a problem with this listing
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