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$ 11,950,000
Est. payment /mo
New
1630 CANAL ST 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 $110
MLS Listing ID 2553340
HOA Y/N No
Lot Size 0.807 Acres
Acres 0.8069
Property Description
Creative Financing Available | Historic Tax Credit Opportunity | 100+ Key Redevelopment
Acquire 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.
Acquire 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
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
Virtual Tour https://kuula.co/share/N1L6c/collection/7v7Hy?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1
Listed by Talbot Realty Group
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