Canal St. Office Building for Sale

Investment Overview

Southeast Commercial Real Estate is pleased to offer 4240 Canal St, a 5,000 SF two-story office building at the corner of Canal St and S Hennessey St in Mid-City New Orleans. The building is set up to work for a single user or for two separate tenants. Each floor has its own entrance and its own electric meter, so a buyer can occupy the whole building, occupy one floor and lease the other, or lease both. The first floor has a reception area, nine private offices, a storage room, a full kitchen, and two restrooms. The second floor has nine private offices, including two large front offices that open onto a balcony overlooking Canal Street, plus its own kitchen and two restrooms. The owner has recently installed new HVAC units and a new roof. The building also has an ADA ramp at the rear and one off-street parking space, with on-street parking along S. Hennessey St. and Canal St. The site is 3,456 SF (32' x 108') and is zoned HU-MU, Historic Urban Neighborhood Mixed-Use, which allows a range of office and mixed uses. The property sits on the Canal streetcar line with quick access to I-10, the CBD, City Park, and the Mid-City retail corridor, including Rouses, Costco, and Walgreens. This is a good fit for a law firm, medical or professional practice, nonprofit, or an investor looking for a well-maintained, divisible office building in an established part of town.

Investment Highlights

• 5,000 SF two-story office building at the corner of Canal St and S Hennessey St.
• Each floor has a separate entrance and separate electric meter, ideal for owner-user, multi-tenant, or a mix of both.
• First floor: reception, 9 private offices, storage, full kitchen, 2 restrooms
• Second floor: 9 private offices, kitchen, 2 restrooms, and a balcony overlooking Canal St
• New HVAC units and new roof
• ADA ramp at the rear of the building
• One off-street parking space
• Lot size 3,456 SF (32' x 108')
• Zoned HU-MU, Historic Urban Neighborhood Mixed-Use
• On the Canal streetcar line with quick access to I-10, the CBD, and City Park