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$ 11,250,000
Est. payment /mo
Active
1630 CANAL ST New Orleans, LA 70112
108,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 108,000 sqft
Price per Sqft $104
MLS Listing ID 2459799
HOA Y/N No
Year Built 1963
Lot Size 0.807 Acres
Acres 0.8069
Property Description
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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.
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
County Orleans
Zoning CBD-7
Interior
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Hotel/Motel,Mixed Use
Sewer Public Sewer
Water Public
Others
Tax ID 105103621
Special Listing Condition None
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Listed by Talbot Realty Group