21
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$11,250,000
Est. payment /mo
108,000 SqFt
Active
1630 Canal Street New Orleans, LA 70112
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Key Details
Property Type Commercial
Sub Type Hotel/Motel,Retail
Listing Status Active
Purchase Type For Sale
Square Footage 108,000 sqft
Price per Sqft $104
MLS Listing ID NO2459799
Lot Size 34848.000 Acres
Acres 0.8
Property Sub-Type Hotel/Motel,Retail
Property Description
CALL FOR OFFERS! 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.
Location
State LA
Zoning CBD-7
Exterior
Parking Features Parking Lot
Garage false
Building
Sewer Public Sewer
Water Public
Level or Stories 6
Others
Tax ID 105103621
Virtual Tour https://kuula.co/share/N1L6c/collection/7v7Hy?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1
Listed by Talbot Realty Group