1630 CANAL ST ST, New Orleans, LA 70112
1630 CANAL ST ST, New Orleans, LA 70112
1630 CANAL ST ST, New Orleans, LA 70112
1630 CANAL ST ST, New Orleans, LA 70112
1630 CANAL ST ST, New Orleans, LA 70112
1630 CANAL ST ST, New Orleans, LA 70112
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Shelly Paternostro

Shelly Paternostro

+1(504) 382-7777
Listed byTalbot Realty Group • Christopher Patrick Talbot • 504-525-9763
$ 11,950,000
Est. payment | /mo

108,000 SqFt

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$ 11,950,000
Est. payment | /mo
Save Virtual Tour

108,000 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 108,000 sqft

Price per Sqft $110

MLS Listing ID 2553340

HOA Y/N No

Acres 0.81

Lot Dimensions .80 acres

Property Sub-Type Commercial

Source ROAM MLS

Land Area 108000

Property Description

Creative Financing Available | Historic Tax Credit Opportunity | 100+ Key RedevelopmentAcquire and redevelop a ±108,000 SF, 100+ key hotel or multifamily asset in the heart of New Orleans' BioMedical District.Ownership is now offering creative financing, providing a path to control a large-scale CBD asset with reduced upfront equity and greater execution certainty. The property has been determined eligible for Federal and State Historic Tax Credits, offering the potential to significantly reduce overall project basis.Positioned along Canal Street with approximately 180 feet of frontage and direct streetcar access, the site sits at the intersection of the CBD, Medical District, and French Quarter—one of the most dynamic and rapidly developing corridors in the city.Originally constructed in 1963 as the Governor House Motor Hotel, the six-story, steel-frame structure offers a true blank-canvas opportunity for hotel, multifamily, or mixed-use redevelopment.The property is vacant and has been remediated, allowing for immediate redevelopment. Walkable to the CBD, Medical District, and French Quarter, and located minutes from the Superdome, Caesars Casino, and Convention Center.Ownership is seeking qualified buyers capable of executing on a transformative redevelopment. Additional information available upon request.

Location

State LA

County Orleans

Area 0.81

Zoning CBD-7

Interior

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Natural Gas Available

Garage No

Building

Lot Description Other

Water Public

New Construction No

Others

Tax ID 105103621

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ROAM MLS

NEARBY SCHOOLS & PROPERTIES

Shelly Paternostro

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
–Franklin D. Roosevelt

+1(504) 382-7777

shellypaternostro@me.com

203 Bradwall Street Luling, LA 70070, Luling, LA 70070, USA

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1630 CANAL ST ST