The Pulse NOLA: French Quarter property sold for 1.17 million

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

Commercial Sales Recorded Last Week

1224 Decatur Street, New Orleans, LA 70116
1224 Decatur Street, New Orleans, LA 70116

Type: Mixed-Use
Price: $1,175,000 ($229.99 / SF)
Buyer: HANQI INVESTMENTS LLC
Elifin’s Notes: Gretna-based investors purchase a mixed-use property on Decatur in the French Quarter

5501 Crowder Boulevard, New Orleans, LA 70127
5501 Crowder Boulevard, New Orleans, LA 70127

Type: Retail
Price: $975,000 ($69.10 / SF)
Buyer: MJM CROWDER INVESTMENTS LLC
Elifin’s Notes: Former Family Dollar location sells at the corner of Crowder Boulevard and Lake Forest Boulevard

1500 Saint Charles Avenue, New Orleans, LA 70130
1500 Saint Charles Avenue, New Orleans, LA 70130

Type: Land
Price: $818,000
Buyer: CHAN FAMILY PROPERTIES LLC
Elifin’s Notes: Chan Family Properties buy the vacant commercial land at the corner of Saint Charles & Melpomene, to go along with their 2022 purchase of 1432 Saint Charles Avenue

2701 Barataria Boulevard, Marrero, LA 70072
2701 Barataria Boulevard, Marrero, LA 70072

Type: Retail
Price: $700,000 ($51.46 / SF)
Buyer: AMES BARATARIA INVESTMENTS LLC
Elifin’s Notes: Hamdan Sons Investments LLC, through an entity, purchases the Laborie’s grocery store property along Barataria Boulevard

401 North Galvez Street, New Orleans, LA 70119
401 North Galvez Street, New Orleans, LA 70119

Type: Retail
Price: $525,000 ($105.15 / SF)
Buyer: MMA 2 0 GROUP LLC
Elifin’s Notes: The Will & Lenny’s auto repair property sells near the Lafitte Greenway

2020 Barataria Boulevard, Marrero, LA 70072
2020 Barataria Boulevard, Marrero, LA 70072

Type: Specialty
Price: $250,000 ($36.76 / SF)
Buyer: IGLESIA BAUTISTA HOREB
Elifin’s Notes: Religious non-profits trade a two building religious facility on Barataria Boulevard

1662 Annunciation Street, New Orleans, LA 70130
1662 Annunciation Street, New Orleans, LA 70130

Type: Office
Price: $168,000 ($135.48 / SF)
Buyer: REVOLVING DOORS INC
Elifin’s Notes: A pair of area investors purchase the commercial property at the corner of Felicity Street and Annunciation Street

201 Pasadena Avenue, Metairie, LA 70001
201 Pasadena Avenue, Metairie, LA 70001

Type: Specialty
Price: Withheld
Buyer: BRIGHT SCHOOL INC
Elifin’s Notes: The Bright School for the Deaf purchases a portion of the former Ridgewood Prep campus in Metairie


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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