Historic Gus Mayer Building

Investment Overview

Rare opportunity to redevelop the upper floors of the Historic Gus Mayer Building, located at the prominent intersection of Canal and Carondelet Streets, directly across from Bourbon Street in the heart of Downtown New Orleans. Approximately 28,943 square feet are available across a portion of the second floor and the entirety of the third and fourth floors (*final square footage subject to a portion of the second floor being retained by CVS for storage). The building’s roof is also available for development, with zoning in this section of Canal Street allowing for a building height of up to 120 feet, presenting a unique opportunity to add additional floors or rooftop amenities. The structure is in excellent condition, with strong architectural integrity and key infrastructure already in place, including two sprinkler standpipes, dual elevator banks, and stairwells with access from both Canal and Carondelet Streets. The property also qualifies for historic tax credits, further enhancing its development appeal. Positioned within Federal Opportunity Zone, the property offers potential tax advantages for qualifying investors and developers. Please note: The ground floor is not included in the sale and will continue to be operated by CVS Pharmacy.