This Retail Property is For Lease.

1201 Canal St
New Orleans, LA 70112 ·

20,000 SF · Retail For Lease

$20 /SF/Year

·

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1201 Canal

Rental Rate $20 /SF/Year Year Built 1903
Total Space Available 20,000 SF Lot Size 37,971 SF
Min. Divisible 5,000 SF Build to Suit Yes
Property Type Retail Cross Streets Basin St
Property Sub-type Street Retail Zoning Description CBD-3, approved for street retail, restaurant, office or general commercial use
Building Size 20,000 SF
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Listing ID: 17955372 Date Created: 12/19/2012 Last Updated: 06/24/2016

1 Space Available

Display Rental Rate as

Space 1

Rental Rate
  • $20 /SF/Year
  • $20 /SF/Year
  • $1.67 /SF/Month
  • $400,000 /Year
  • $33,333.33 /Month
Additional Space Types
  • Retail (Other)
  • Restaurant
Space Available 20,000 SF Lease Type NNN
Min. Divisible 5,000 SF Lease Term 12 Months
Space Type Street Retail Date Available Nov 2012

This property is currently in a vanilla shell condition ready for Tenant finishing. Landlord will build to suit for the proper Tenant and financials. This space can be subdivided or provided whole with 20'+ ceiling heights.

Description

For 94 years, 1201 Canal Street was home to the Krauss Department Store, once the largest department store in the South. Krauss opened for business on April 13, 1903, and expanded over the years to include more than 300,000 square feet on six levels covering two city blocks. From the long Formica lunch counter with the round red stools, to the madams and ladies of Storyville who once shopped within the store, the Krauss building enjoys a unique and storied place in New Orleans history. This historic building has been transformed through extensive redevelopment to be the new home of 1201 Canal Condominiums, an upscale community of 233 luxury residences and over 25,000 square feet of street-front retail.

Located in Downtown New Orleans the economic, cultural and entertainment center for the region and a must visit destination for millions of tourists. Building is a residential, mixed-use, and retail center. This locale is a cornerstone property with the following details making it perfectly suited for office or retail development. -Major corridor corner building, Canal & Basin Streets -Adjacent to a new public transit streetcar line -In the heart of new development investment & residential influx including the neighboring newly developed Bio-District & Entertainment Districts -Retail and commercial center for a market of almost 400,000 residents and nearly 50,000 households that earn at least $60,000 per year -Downtown New Orleans boasts being the regional center with nearly 62,000 jobs -Downtown New Orleans also hosts 2.5 million fans annually for major sporting events and is home to one of the top 10 convention centers in the United States.

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Research

1201 Canal St, New Orleans, LA 70112 (Orleans County)

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