New Orleans, LA 70119
MLS# NO2538168
4906 sqft
Property Description
Prime Canal Street Commercial Opportunity - Income-Producing Automotive Property Position your business or investment portfolio for success in one of New Orleans' most visible and high-traffic corridors. Located on historic Canal Street, this well-positioned commercial property presents a rare opportunity for automotive operators, owner-users, or investors seeking strong street presence and long-term upside. The property offers approximately 4,906 square feet total, including 1,945 square feet of office and retail space across two levels, great for customer reception, administrative offices, or showroom use. The 2,960 square feet of warehouse/work area and storage is highly functional and equipped with six bay doors, allowing for efficient vehicle access and workflow. The site also includes 8 dedicated on-site parking spaces, a valuable asset in this corridor. Investment highlights: The property is currently subject to an existing lease running through mid-2031, providing long-term income stability. A scheduled rent increase in July 2026 adjusts monthly rent; this date reflects a rent escalation only and not a lease expiration. Additionally, the lease includes an $8,500 security deposit, enhancing owner protection. Early termination would release the tenant from approximately five remaining years on the lease, creating added leverage for the owner. With excellent visibility, strong traffic counts, and a layout well-suited for a wide range of automotive or service-oriented uses, this property offers both immediate income and future flexibility. Don't miss this rare opportunity to own a prominent, income-producing commercial asset on Canal Street. Schedule a private tour today.
Lead Based Paint Last Updated: January - 30 - 2026
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