The Pulse NOLA: Gretna convenience store sells for 3.1mm

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

Commercial Sales Recorded Last Week

101 Westbank Expy
101 Westbank Expy

Type: Retail
Price: $3,100,000 ($4,429 / SF)
Buyer: HALO 17 LLC
Elifin’s Notes: Local investors purchase a centrally located Convenience Store/Gas Station property along the Westbank Expressway in Gretna

2331 Pailet Ave
2331 Pailet Ave

Type: Industrial
Price: $615,000 ($38 / SF)
Buyer: GOLDIN PROPERTIES INC
Elifin’s Notes: Mississippi-based investors purchase a 16,400 sq ft industrial space in the Gardere Plantation area in Harvey

7246 Downman Rd
7246 Downman Rd

Type: Land
Price: $360,000 ($11.61 / Land SF)
Buyer: FAST STOP REALTY LLC
Elifin’s Notes: Local area investment group acquires a 0.71 acre vacant lot of commercial land in the Pines Village area

1517 (aka 1505-1517, 1541) Whitney Ave, Gretna, LA 70056
1517 Whitney Ave

Type: Retail
Price: $240,000 ($54 / SF)
Buyer: CALIENTE ENVIOS LLC
Elifin’s Notes: Local investor purchases a 4,439 general retail space, currently used as an auto dealership, in the Oakdale area of Gretna

901 Bridge City Ave
901 Bridge City Ave

Type: Retail
Price: $200,000 ($38 / SF)
Buyer: 901 BRIDGE CITY LLC
Elifin’s Notes: Metairie-based investor purchases an approximately 5,233 sq ft retail auto repair space in Bridge City

3555 Behrman Place
3555 Behrman Place

Type: Land
Price: $130,000 ($8.30 / Land SF)
Buyer: RESTORATION HOMES OF LOUISIANA LLC
Elifin’s Notes: Local investor purchases a 0.36 acre vacant commercial lot in Algiers

4617 Downman Rd
4617 Downman Rd

Type: Retail
Price: $120,000 ($60 / SF)
Buyer: OIKODOME INC
Elifin’s Notes: Local investor purchases 2,015 sq ft retail restaurant space in the Pines Village area

2320 Brooklyn Ave
2320 Brooklyn Ave

Type: Industrial
Price: Withheld
Buyer: FOUR FORWARD LLC
Elifin’s Notes: Local investor purchases a 3,250 sq ft industrial warehouse and office space in the South New Orleans area of Harvey.

4517 Magazine St
4517 Magazine St

Type: Retail
Price: Withheld
Buyer: FISHY INVESTMENTS LLC
Elifin’s Notes: Baton Rouge-based investor led partnership purchases a 4,200 sq ft retail space, the former home of Sukho Thai restaurant, in the Uptown area along Magazine Street


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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