www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28290681
28290680

2714 Canal Street, New Orleans, LA 70119

CR
LA SALE.0000013353-ACT
NAI Rampart
Listed by NAI Rampart
$6,200,000
217 days on market
Updated 75 days ago
Opportunity zone

2714 Canal Street - Liberty Bank Building and Adjacent Lots

Details
APN 105202936
Property Type Office
Sub Type Executive Office
Square Footage 43,000
Price per SqFt $144
Year Built 1969
Stories 5
Acreage 1.410
Zoning HU-MIU (Historic Urban Neighborhood Mixed Use District)
Investment Type Value Add

Office | 43,000 SqFt

Marketing description

Chris R. Ross and NAI Rampart are pleased to offer 2714 Canal Street, an exceptionally visible, transit-served five-story, ±43,000 SF tower, originally opened in 1969 as the Colonial Bank Building, together with a complementary land assemblage comprising vacant parcels on Canal Street (2726, 2730, 2734, 2738, 2760), South White Street (128, 132, 136, 138), and Cleveland Avenue (2721, 2725, 2731, 2735, 2739, 2743, 2749). The total offering price is $6,100,000.

This block-scale package enables generous parking and service options, pad-site potential (QSR/coffee/financial), and flexibility for phased development while maintaining the tower as the anchor.

The property fronts Canal Street at the hinge of the CBD and Mid-City, offering efficient floorplates and strong ground-level presence for adaptive reuse—from medical and clinical buildouts to creative office, education, hospitality, or a mixed-use concept with street-activating retail. Given its vintage and architectural character, the building is potentially eligible for Historic Rehabilitation Tax Credits; a compliant scope could materially offset qualified costs (buyer to verify eligibility, contributing status, and approvals).

The HU-MU Neighborhood Mixed-Use District is intended for areas of mixed-use development that are close to residential neighborhoods. The district regulations are designed to encourage mixed-use areas that are compatible with adjacent or nearby land uses and pedestrian-oriented in character. In the HU-MU District, active retail and personal service uses along the ground floor with residential uses above are encouraged. A variety of residential dwellings are also allowed. This district also allows higher residential densities when a project is providing significant public benefits such as long-term affordable housing.

Investment highlights

  • Gateway between the CBD and Mid-City, minutes to University Medical Center, VA Hospital, BioDistrict, and the Tulane/Canal streetcar
  • Exceptional visibility, multi-frontage exposure, and convenient regional access
  • Block-scale control for superior site planning, signage, and ingress/egress
  • Program versatility: medical/clinical, creative office, education, hospitality, or mixed-use with street-activating retail
  • Phased execution & exit optionality: activate the tower now; stage pad sites/parking/vertical development on surplus land; sell or condo-map pads later
  • HTC upside: potential credits to offset qualified rehab costs and enhance returns (subject to eligibility/approvals)
  • Compelling basis: Offered at $6.1M, aligning with value-add redevelopment economics

Listing Contacts

CR
LA SALE.0000013353-ACT
NAI Rampart
Listed by NAI Rampart

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591