Active
1630 CANAL Street
New Orleans LA, 70112
$11,250,000
$104.17 per sqft
Active
108,000 sqft
Commercial
Built in 1963
Courtesy of Christopher Talbot with Talbot Realty Group
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Multi-Family or Hotel Development Opportunity
A 100+ room (+-108,000 SF) CBD multi-use redevelopment site. This highly visible building is ideally located on Canal Street adjacent to I-10 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 in the epicenter of New Orleans businesses and transportation routes allows for first-class convenience and accessibility. 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.
Building Overview:
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
Historical Significance:
The former Governor House Motor Hotel is a six-story hotel built in 1963 as the first motor hotel in the New Orleans Central Business District. The steel-frame building is clad in brick and designed in the French Quarter Revival Style, making prominent use of iconic elements such as French doors, shutters, arched openings, and balconies. The building's exterior has not been altered since the hotel opened.
2459799
MLSⓇ ID
July 23, 2024
Listed
August 23, 2024
Updated
Map
1630 CANAL Street
New Orleans LA, 70112
Interior Features
Total Stories
6
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.81 Acres
Lot Features
City Lot, Rectangular Lot
Sewer
Public Sewer
Other Property Details
Days on Market
31
Garage
No
Parking
Parking Lot
View
No
County
Orleans
Water Source
Public
Pool
No
Zoning
CBD-7
Listing History
Date | Event | Price |
---|---|---|
8/1/2024 | Price change | $11,250,000 -20% |
Listing Contact: (504) 319-1452
Based on information from the Gulf South Real Estate Information Network as of 8/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 6:08 PM UTC, 8/23/2024