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4243 Canal St 4,810 SF 100% Leased Retail Building New Orleans, LA 70119 $2,181,481 CAD ($453.53 CAD/SF)
Investment Highlights
- Prime Canal Street location with excellent visibility and high traffic exposure
- Six (6) bay doors allowing smooth vehicle flow and operations
- Well suited for automotive repair, specialty services, or owner-user operations
- Income-producing automotive commercial property
- Eight (8) dedicated on-site parking spaces
- Existing lease in place through mid-2031, providing long-term income stability and Rent escalation
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$139,505
|
$29.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$139,505
|
$29.00
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $139,505 |
| Annual Per SF | $29.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $139,505 |
| Annual Per SF | $29.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,810 SF
Building Class
C
Year Built
1950
Price
$2,181,481 CAD
Price Per SF
$453.53 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.17 AC
Zoning
C2 - Heavy Commercial (HU-MU)
Parking
8 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Since opening its first location in Houston, Texas, in 1972, Meineke has built a network of locally owned car care centers operated by experienced automotive professionals. The company offers a range of services and programs, including employment opportunities and financing options, designed to support both customers and franchise partners.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Services | - | - | - |
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2-06-2-088-21 | Improvements Assessment | $86,403 CAD |
| Land Assessment | $31,195 CAD | Total Assessment | $117,598 CAD |
Property Taxes
Parcel Number
2-06-2-088-21
Land Assessment
$31,195 CAD
Improvements Assessment
$86,403 CAD
Total Assessment
$117,598 CAD
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4243 Canal St
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