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$ 1,595,000
Est. payment /mo
Active
4243 CANAL ST New Orleans, LA 70119
7,535 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2538168
HOA Y/N No
Year Built 1950
Lot Size 7,535 Sqft
Acres 0.173
Property Description
Prime Canal Street Commercial Opportunity – Income-Producing Automotive Property
Position your business or investment portfolio for success in one of New Orleans' most visible and high-traffic corridors. Located on historic Canal Street, this well-positioned commercial property presents a rare opportunity for automotive operators, owner-users, or investors seeking strong street presence and long-term upside.
The property offers approximately 4,906 square feet total, including 1,945 square feet of office and retail space across two levels, great for customer reception, administrative offices, or showroom use. The 2,960 square feet of warehouse/work area and storage is highly functional and equipped with six bay doors, allowing for efficient vehicle access and workflow. The site also includes 8 dedicated on-site parking spaces, a valuable asset in this corridor.
Investment highlights: The property is currently subject to an existing lease running through mid-2031, providing long-term income stability. A scheduled rent increase in July 2026 adjusts monthly rent; this date reflects a rent escalation only and not a lease expiration. Additionally, the lease includes an $8,500 security deposit, enhancing owner protection. Early termination would release the tenant from approximately five remaining years on the lease, creating added leverage for the owner.
With excellent visibility, strong traffic counts, and a layout well-suited for a wide range of automotive or service-oriented uses, this property offers both immediate income and future flexibility.
Don't miss this rare opportunity to own a prominent, income-producing commercial asset on Canal Street. Schedule a private tour today.
Position your business or investment portfolio for success in one of New Orleans' most visible and high-traffic corridors. Located on historic Canal Street, this well-positioned commercial property presents a rare opportunity for automotive operators, owner-users, or investors seeking strong street presence and long-term upside.
The property offers approximately 4,906 square feet total, including 1,945 square feet of office and retail space across two levels, great for customer reception, administrative offices, or showroom use. The 2,960 square feet of warehouse/work area and storage is highly functional and equipped with six bay doors, allowing for efficient vehicle access and workflow. The site also includes 8 dedicated on-site parking spaces, a valuable asset in this corridor.
Investment highlights: The property is currently subject to an existing lease running through mid-2031, providing long-term income stability. A scheduled rent increase in July 2026 adjusts monthly rent; this date reflects a rent escalation only and not a lease expiration. Additionally, the lease includes an $8,500 security deposit, enhancing owner protection. Early termination would release the tenant from approximately five remaining years on the lease, creating added leverage for the owner.
With excellent visibility, strong traffic counts, and a layout well-suited for a wide range of automotive or service-oriented uses, this property offers both immediate income and future flexibility.
Don't miss this rare opportunity to own a prominent, income-producing commercial asset on Canal Street. Schedule a private tour today.
Location
State LA
County Orleans
Zoning HU-MU
Interior
Fireplace No
Exterior
Parking Features Garage
Water Access Desc Public
Accessibility Accessibility Features
Building
Lot Description Corner Lot, City Lot, Rectangular Lot
Dwelling Type Retail
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 4243-CANALST
Special Listing Condition None
Listed by Keller Williams Realty New Orleans
Schools Near
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