Restaurant owners purchase Uptown property

A weekly update on the commercial real estate landscape of New Orleans.

Nine commercial sales closed across New Orleans and surrounding markets the week of September 7, 2026, totaling $5.7M in disclosed volume. The headline deal: Pentagon Investors LLC paid $1.5M ($399.78/SF) for a multi-tenant retail property on Harrison Avenue in New Orleans. Retail, office, and industrial properties led the week’s activity, with restaurant operators and regional investors acquiring mixed-use and specialized commercial assets.


Commercial Sales Recorded Last Week

521, 525 Harrison Ave, New Orleans, LA 70124
521, 525 Harrison Ave, New Orleans, LA 70124

Type: Retail
Price: $1,450,000 ($399.78 / SF)
Buyer: PENTAGON INVESTORS LLC
Elifin’s Notes: A multi-tenant retail property sells on Harrison Avenue.

3108, 3110 Metairie Rd, Metairie, LA 70001
3108, 3110 Metairie Rd, Metairie, LA 70001

Type: Office
Price: $925,000 ($159.40 / SF)
Buyer: LORIRAN IV LLC
Elifin’s Notes: An office property with an adjacent warehouse sell on Metairie Road.

4842, 4844 Tchoupitoulas St, New Orleans, LA 70115
4842, 4844 Tchoupitoulas St, New Orleans, LA 70115

Type: Retail
Price: $855,000 ($456.73 / SF)
Buyer: 4842 TCHOUPITOULAS LLC
Elifin’s Notes: The owners of Dr. Jones restaurant in Metairie purchase this Uptown property with plans for relocation.

5249 Veterans Blvd, Metairie, LA 70006
5249 Veterans Blvd, Metairie, LA 70006

Type: Retail
Price: $850,000 ($472.22 / SF)
Buyer: 5249 VETERANS LLC
Elifin’s Notes: A drive-thru restaurant property changes hands on Veterans Boulevard.

1948 Industrial Blvd, Harvey, LA 70058
1948 Industrial Blvd, Harvey, LA 70058

Type: Industrial
Price: $685,000 ($55.92 / SF)
Buyer: TURF DRAINAGE COMPANY OF AMERICA INC
Elifin’s Notes: An industrial warehouse property changes hands on Industrial Boulevard.

3939 Houma Blvd  (Bldg 4, Ste 18), Metairie, LA 70006
3939 Houma Blvd (Bldg 4, Ste 18), Metairie, LA 70006

Type: Office
Price: $625,000 ($134.84 / SF)
Buyer: BUILDING 4 LOWER 3939 HOUMA LLC
Elifin’s Notes: A medical office property changes ownership within Doctor’s Row.

4232 Williams Blvd (Unit A), Kenner, LA 70065
4232 Williams Blvd (Unit A), Kenner, LA 70065

Type: Office
Price: $150,000 ($136.36 / SF)
Buyer: MLC PROPERTY GROUP LLC
Elifin’s Notes: An office condo unit sells in Kenner.

3721 Airline Dr, Metairie, LA 70001
3721 Airline Dr, Metairie, LA 70001

Type: Office
Price: $136,000 ($57.36 / SF)
Buyer: MEDINA, WENDY
Elifin’s Notes: An office property changes hands on Airline Drive.

3201, 3205, 3209 Cleary Ave, Metairie, LA 70002
3201, 3205, 3209 Cleary Ave, Metairie, LA 70002

Type: Mixed-Use
Price: Withheld
Buyer: 3201 CLEARY LLC
Elifin’s Notes: Three mixed-use properties with ground floor commercial and second floor apartments sell on Cleary Avenue.


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
marketing@elifinrealty.com
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