2623 Canal Street

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2623 Canal Street

New Orleans, LA 70119
Asking Price
$525K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel located centrally between Mid-City and the New Orleans CBD.
  • The asking price for this land asset is $525,000.
  • Strategic location along the high-traffic Canal Street transit corridor.
  • Suitable for urban infill development projects or commercial investment.
  • Site offers accessibility to major metropolitan economic and residential hubs.

What's Special

Positioned between the Mid-City neighborhood and the Central Business District, this land parcel at 2623 Canal Street serves as a strategic acquisition in the New Orleans market. The property benefits from the historical density and ongoing economic vitality of one of the city's primary transit corridors. Connectivity to the major commercial hubs and local transit lines makes this a viable site for various urban infill developments. Investors and developers can utilize this space to capture demand for housing or service-oriented retail in a neighborhood characterized by a blend of residential charm and professional activity. With its central coordinates and proximity to both the city's economic center and vibrant residential districts, the site offers an efficient footprint for a wide range of prospective construction projects. The current market climate in New Orleans continues to favor well-located land assets that bridge the gap between historic local neighborhoods and modern commercial districts, providing a versatile canvas for future development.

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NOI
$80,000
Cap Rate
15.24%
DSCR
2.57
Strong
Cash-on-Cash
31.00%
Monthly Payment
$2,597.414
Annual Cash Flow
$48,831.037

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