Harbor Freight Tools building on Lapalco Blvd sold

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

Eighteen commercial sales closed across New Orleans and surrounding markets the week of September 28, 2026, totaling $14.4M in disclosed volume. The headline deal: Audubon Development LLC paid $4.5M ($158,928.57/unit) for a 28-unit multifamily property on Saint Charles Avenue. A strip center on Veterans Memorial Boulevard and two industrial properties within Elmwood Business Park drove investor activity, while the Harbor Freight Tools building on Lapalco Boulevard changed ownership and specialty retail and hospitality assets rounded out the week across the metro area.


Commercial Sales Recorded Last Week

5402 St Charles Ave, New Orleans, LA 70115
5402 St Charles Ave, New Orleans, LA 70115

Type: Multifamily
Price: $4,450,000 ($158,929 / Unit)
Buyer: AUDUBON DEVELOPMENT LLC
Elifin’s Notes: A 28-unit multifamily property sells on Saint Charles Avenue.

5029 Veterans Memorial Blvd, Metairie, LA 70006
5029 Veterans Memorial Blvd, Metairie, LA 70006

Type: Retail
Price: $2,860,000 ($190.60 / SF)
Buyer: CHEN BROTHERS LLC
Elifin’s Notes: A strip center property changes hands on Veterans Memorial Boulevard.

5515 Pepsi St; 1417 Edwards Ave, New Orleans, LA 70123
5515 Pepsi St; 1417 Edwards Ave, New Orleans, LA 70123

Type: Industrial
Price: $2,222,950 ($96.12 / SF)
Buyer: GALVANIZED RE LLC
Elifin’s Notes: Two industrial properties sell within Elmwood Business Park.

3501, 3505 Gravier St (739 S Clark St), New Orleans, LA 70119
3501, 3505 Gravier St (739 S Clark St), New Orleans, LA 70119

Type: Office
Price: $1,630,000 ($108.80 / SF)
Buyer: SOUTH CLARK HOLDINGS LLC
Elifin’s Notes: An office property sells at the corner of South Clark and Gravier Street.

2810 Williams Blvd, Kenner, LA 70062
2810 Williams Blvd, Kenner, LA 70062

Type: Retail
Price: $875,000 ($130.36 / SF)
Buyer: JB KENNER LLC
Elifin’s Notes: A California-based company purchases a restaurant property on Williams Boulevard.

5625 Blessey St, Elmwood, LA 70123
5625 Blessey St, Elmwood, LA 70123

Type: Industrial
Price: $666,000 ($123.45 / SF)
Buyer: GALVANIZED RE LLC
Elifin’s Notes: A two-unit industrial property changes hands on Blessey Street.

203 Plauche Ct, Elmwood, LA 70123
203 Plauche Ct, Elmwood, LA 70123

Type: Office
Price: $375,000 ($64.60 / SF)
Buyer: TWO DOG NIGHT LLC
Elifin’s Notes: An office property sells on Plauche Court.

4437 Hearst St, Metairie, LA 70001
4437 Hearst St, Metairie, LA 70001

Type: Industrial
Price: $310,000 ($36.01 / SF)
Buyer: SIGNORELLIS ALL STAR AC LLC
Elifin’s Notes: A flex space property changes hands on Hearst Street.

10 Westbank Expy, Westwego, LA 70094
10 Westbank Expy, Westwego, LA 70094

Type: Retail
Price: $269,000 ($192.14 / SF)
Buyer: 360 CONSULTING SERVICES LLC
Elifin’s Notes: A Kenner-based LLC purchases the building housing the Westwego Tourist Information Center at the corner of Westbank Expressway and Louisiana Street.

4819 Chef Menteur Hwy, New Orleans, LA 70126
4819 Chef Menteur Hwy, New Orleans, LA 70126

Type: Office
Price: $200,000 ($57.97 / SF)
Buyer: EAST GATE LLC
Elifin’s Notes: A former dental clinic property changes hands on Chef Menteur Highway.

8000, 8014 Chef Menteur Hwy, New Orleans, LA 70126
8000, 8014 Chef Menteur Hwy, New Orleans, LA 70126

Type: Land
Price: $190,000 ($3.63 / Land SF)
Buyer: EIGHT WARD ELITE LLC
Elifin’s Notes: A 1+ acre parcel of land sells on Chef Menteur Highway.

420 Franklin Ave, New Orleans, LA 70117
420 Franklin Ave, New Orleans, LA 70117

Type: Industrial
Price: $175,000 ($8.62 / SF)
Buyer: COLLEY DSF HOLDINGS LLC
Elifin’s Notes: An industrial property sells on Franklin Avenue.

9025, 11300 Old Gentilly Rd, New Orleans, LA 70127
9025, 11300 Old Gentilly Rd, New Orleans, LA 70127

Type: Land
Price: $175,000 ($1.12 / Land SF)
Buyer: BLACKSTONE, MANDELL A
Elifin’s Notes: A 3+ acre parcel of land sells on Old Gentilly Road.

7850 Townsend Pl, New Orleans, LA 70126
7850 Townsend Pl, New Orleans, LA 70126

Type: Industrial
Price: Withheld
Buyer: FAYT INC
Elifin’s Notes: An industrial warehouse property changes hands on Townsend Place.

4908 Lapalco Blvd, Marrero, LA 70072
4908 Lapalco Blvd, Marrero, LA 70072

Type: Retail
Price: Withheld
Buyer: THE MARRERO LAND AND IMPROVEMENT ASSOCIATION LIMITED
Elifin’s Notes: Marrero Land and Improvement Association, the ground lessor, purchases the 17,000 SF Harbor Freight Tools building on Lapalco Blvd from its Alabama-based tenant-landlord for an undisclosed price.

259 Plauche St, New Orleans, LA 70123
259 Plauche St, New Orleans, LA 70123

Type: Industrial
Price: Withheld
Buyer: ALPINE PROPERTIES LLC
Elifin’s Notes: An industrial property changes ownership on Plauche Street in Elmwood.

201 Bourbon St, New Orleans, LA 70130
201 Bourbon St, New Orleans, LA 70130

Type: Mixed-Use
Price: Withheld
Buyer: LATAS FAMILY INVESTMENTS LLC
Elifin’s Notes: A mixed-use property with ground floor retail and second floor apartment sells in French Quarter.

1234 Chartres St, New Orleans, LA 70116
1234 Chartres St, New Orleans, LA 70116

Type: Hospitality
Price: Withheld
Buyer: HH CHARTRES STREET HOSPITALITY LLC
Elifin’s Notes: A Mississippi-based company purchases an 88-unit hotel property in French Quarter.


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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