Published on: Wednesday, July 31, 2024
Updated on: Wednesday, July 31, 2024
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About the Lister
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Name: Chris Talbot
Company: Talbot Realty Group
Office Phone: (504) 319-1452
Cell Phone: (504) 319-1452
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  Canal Street Development Site
1630 Canal St New Orleans Louisiana , 70112
1630 Canal St New Orleans Louisiana                                                                                           , 70112  Talbot Realty Group
Listing ID: CL-Louisiana-11131

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Louisiana-11131
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 1963
Building Size: 108,000.00 SqFt
Lot Size: 108,000.00 SqFt.
No of Stories: 6
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | 27721526_Talbot_Realty_Group_v5.16.22.pdf ( 13,689.72KB)
Listing Summary
Talbot Realty Group Presents this Multi-family / Hotel Development Opportunity (“the Property”), a ±200 Room (±108,000 Sf) CBD Redevelopment Site.
Complete Details
Year Build: 1963
Building Size: 108,000 SqFt.
No of Stories: 6
Total Lot Area: 108000 SqFt.
No of Parking: N/A
No of Total Units: 200
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
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.
Additional Properties
Property 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
Listing Location
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PARCEL D Highway 17309 Hwy #16, , Franklinton Louisiana                                                                                            70438
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PARCEL Highway 16 #A, , Franklinton Louisiana                                                                                            70438
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PARCEL Highway 16 #B, , Franklinton Louisiana                                                                                            70438
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1417-1419 Esplanade Ave, , Custom House Louisiana                                                                                            70116
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36236 Sloat Rd, , Slidell Louisiana                                                                                            70460