14 Sep Abita Springs Apartments sold for 2.8 million

A weekly update on the commercial real estate landscape of The Northshore.

Four commercial sales closed on the Northshore the week of September 14, 2026, totaling $5.1M in disclosed volume. The headline deal: Point 5 Properties LLC paid $2.8M ($70,625/unit) for a 40-unit multifamily property on Snead Drive in Abita Springs. Industrial, retail, and office properties rounded out the week, with regional operators acquiring mixed commercial and specialty assets across the market.

Commercial Sales Recorded Last Week

27275 Snead Dr, Abita Springs, LA 70420

Type: Multifamily
Price: $2,825,000 ($70,625 / Unit)
Buyer: POINT 5 PROPERTIES LLC
Elifin’s Notes: A 40-unit multifamily property changes ownership on Snead Drive.

43257 S Airport Rd, Hammond, LA 70403

Type: Industrial
Price: $1,480,000 ($89.69 / SF)
Buyer: HAMMOND INDUSTRIAL PROPERTY LLC
Elifin’s Notes: A truck parts supplier property changes ownership on South Airport Road.

505 W Oak St, Amite City, LA 70422

Type: Retail
Price: $420,000 ($98.52 / SF)
Buyer: BUDDY’S SEAFOOD FOODMART LLC
Elifin’s Notes: A convenience store property changes hands on West Oak Street.

110 W Morris Ave, Hammond, LA 70403

Type: Office
Price: $390,000 ($170.60 / SF)
Buyer: R H G DEVELOPMENT LLC
Elifin’s Notes: An office property changes hands on West Morris 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 $100,000. 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.