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400 Canal St

Central Business District, New Orleans, LA
Zoning
CBD-3 – STREET RETAIL, RESTAURANT, OFFICE OR GENERAL COMMERCIAL USE
Year Constructed
0
Year Renovated
0
Building Class

About 400 Canal St

This unique property spans the entire block from Magazine St. to Tchoupitoulas St. with approximately 220 ft of frontage on Canal St. The property, 90% of which is owned by a single entity, is available for full redevelopment. Owner will entertain Sale or Joint Venture offers.

Current footprint for the property is approximately 49,661 square feet with approximately 130,500 square feet of existing improvements. Density analysis show the ability to create from 255,000 square feet up to 1,000,000 square feet depending on HDLC & other city agency approvals.

The zoning allocated for the block allows for 85 foot building heights, however its believed that some variances maybe available. - Area description: This high traffic property in downtown New Orleans is adjacent to major attractions such as Harrah’s Casino and the Shops at Canal Place. Downtown New Orleans is home to the following:

  • An estimated daytime population of approximately 120,000 persons
  • Over 62,000 jobs, making it the largest job center in the entire New Orleans region
  • Nearly 17,000 hotel rooms, welcoming over 7.5 million visitors to the region annually
  • One of the top ten convention centers in the United States (in number of conventions and tradeshows)
  • Major federal, state, and local government institutions
  • Three institutions of higher education focusing on the health sciences
  • Sporting and cultural events that attract 2.5 million people in a given year
  • World class restaurants, nightlife, and music venues
  • Seven major museums and cultural attractions, including the Aquarium of the Americas, Audubon Insectarium, National World War II Museum, and Ogden Museum of Southern Art
  • Tenancy: Multiple Tenants

Internet Providers for 400 Canal St

Provider Technology Max Download Speed Max Upload Speed
MegaPath Corporation DSL
50 Mb/s
50 Mb/s
AT&T Louisiana DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Central Business District

On average, listings lease in the $20's per square foot per year. The Central Business District region is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 16% increase in rent.

Compared to the rest of the Greater New Orleans Region market, the Central Business District region has higher rates, and you'll need to pay a premium to be in this hot region.

Median Rate Median Size
Central Business District $24
/sqft/yr
2,430
sqft
Median Rate Median Size
Greater New Orleans Region $24
/sqft/yr
2,050
sqft

Median Rate over Time in Central Business District