The Pulse NOLA: Dmac’s Bar & Grill property sold

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

Commercial Sales Recorded Last Week

1229 St Thomas St, New Orleans, LA 70130
1229 St Thomas St, New Orleans, LA 70130

Type: Office
Price: $1,600,000 ($245.14 / SF)
Buyer: ROYAL JUG & GUN CLUB LLC
Elifin’s Notes: A newly renovated office property sells on Saint Thomas Street.

312 St Charles Ave, New Orleans, LA 70130
312 St Charles Ave, New Orleans, LA 70130

Type: Mixed-Use
Price: $1,100,000 ($144.74 / SF)
Buyer: 314 ST CHARLES LLC
Elifin’s Notes: A local entity purchases a four-story mixed-use property in the CBD.

3528, 3530 Magazine St, New Orleans, LA 70115
3528, 3530 Magazine St, New Orleans, LA 70115

Type: Mixed-Use
Price: $731,000 ($127.71 / SF)
Buyer: ARGENT BATISSE LLC
Elifin’s Notes: A mixed-use property with retail space and apartments sells on Magazine Street.

780 S Norman C Francis Pkwy, New Orleans, LA 70112
780 S Norman C Francis Pkwy, New Orleans, LA 70112

Type: Land
Price: $550,000 ($21.97 / Land SF)
Buyer: LET INTERESTS LLC
Elifin’s Notes: This tract of land sold for $357,107 in 2022.

540 S Norman C Francis Pkwy, New Orleans, LA 70119
540 S Norman C Francis Pkwy, New Orleans, LA 70119

Type: Retail
Price: $478,150 ($95.86 / SF)
Buyer: LEGACY 555 LLC
Elifin’s Notes: D’Mac’s Bar & Grill sells in Mid-City.

824 Central Ave, Jefferson, LA 70121
824 Central Ave, Jefferson, LA 70121

Type: Industrial
Price: $440,000 ($122.22 / SF)
Buyer: SCHLUMBRECHT, MICHAEL V
Elifin’s Notes: An industrial property with two buildings sells on Central Avenue.

800 De Armas St, New Orleans, LA 70114
800 De Armas St, New Orleans, LA 70114

Type: Specialty
Price: $400,000 ($5.53 / SF)
Buyer: FISCHER COMMUNITY CHURCH INC
Elifin’s Notes: This is the former home of McDonogh #32, Literacy Charter School, containing 72,335 sf across four buildings situated on 2.32 acres.

5700 Deer Park Blvd, New Orleans, LA 70127
5700 Deer Park Blvd, New Orleans, LA 70127

Type: Land
Price: $400,000 ($2.49 / Land SF)
Buyer: PALESA LLC
Elifin’s Notes: A 3.6+ acre tract of land sells in New Orleans East.

2122, 2126 Rev. John Raphael Jr. Way, New Orleans, LA 70113
2122, 2126 Rev. John Raphael Jr. Way, New Orleans, LA 70113

Type: Multifamily
Price: $399,900 ($49,988 / Unit)
Buyer: AB RE HOLDINGS LLC
Elifin’s Notes: A set of four duplexes sell in Central City.

6220 Lapalco Blvd, Marrero, LA 70072
6220 Lapalco Blvd, Marrero, LA 70072

Type: Retail
Price: $399,000 ($148.00 / SF)
Buyer: AS PROPERTY INVESTMENT LLC
Elifin’s Notes: A retail QSR property changes ownership on Lapalco Boulevard.

8127 Oak St, New Orleans, LA 70118
8127 Oak St, New Orleans, LA 70118

Type: Retail
Price: $350,000 ($169.99 / SF)
Buyer: LEAL8127 LLC
Elifin’s Notes: A retail property sells on Oak Street.

1504 East Drive, Westwego, LA 70094
1504 East Drive, Westwego, LA 70094

Type: Retail
Price: $335,000 ($102.13 / SF)
Buyer: CATHERINE THUY DANG
Elifin’s Notes: An auto shop with office space sells in Westwego.

325 S Lopez St, New Orleans, LA 70119
325 S Lopez St, New Orleans, LA 70119

Type: Multifamily
Price: $330,000 ($66,000 / Unit)
Buyer: 1116 W CHIMES LLC
Elifin’s Notes: A 5-unit multifamily property sells in the Mid-City area.

3322 Saint Claude Avenue, New Orleans, LA 70117
3322 Saint Claude Avenue, New Orleans, LA 70117

Type: Office
Price: $285,000 ($84.27 / SF)
Buyer: 3322 SAINT CLAUDE AVENUE LLC
Elifin’s Notes: A medical office property sells in the Bywater area.

14101 Curran Rd, New Orleans, LA 70127
14101 Curran Rd, New Orleans, LA 70127

Type: Land
Price: $159,000 ($0.42 / Land SF)
Buyer: 14101 CURRAN BLVD LLC
Elifin’s Notes: A pair of investors purchase 8+ acres of vacant land near Lincoln Beach in New Orleans East.

3100 Barataria Blvd, Marrero, LA 70072
3100 Barataria Blvd, Marrero, LA 70072

Type: Land
Price: $108,888 ($3.62 / Land SF)
Buyer: VU, CHIEN D
Elifin’s Notes: A 0.6+ acre parcel of land sells on Barataria Boulevard.

5311, 5325 Canal Blvd, New Orleans, LA 70124
5311, 5325 Canal Blvd, New Orleans, LA 70124

Type: Retail
Price: Withheld
Buyer: WDG LLC
Elifin’s Notes: A retail property along with the adjacent empty lot sells on Canal Boulevard.


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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