The Pulse NOLA: Liuzza’s Restaurant and Bar property sold

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

Commercial Sales Recorded Last Week

3622, 3626, 3636 Bienville Avenue; 224, 228 N Telemachus St
3622, 3626, 3636 Bienville Avenue; 224, 228 N Telemachus St

Type: Retail
Price: $1,600,000 ($446 / SF)
Buyer: MID CITY LANDMARK LLC
Elifin’s Notes: Investment group acquires the Liuzza’s Restaurant and Bar property in the Mid-City area consisting of a two-story 3,586 sq ft building sitting on 0.27 acres of land

5707 Magazine St
5707 Magazine St

Type: Retail
Price: $1,105,000 ($640 / SF)
Buyer: 5707 MAGAZINE LLC
Elifin’s Notes: Baton Rouge based investors purchase a 1,727 sq ft retail property along Magazine Street in the Audubon area

3800, 3806 Orleans Ave; 5801 N Cortez St
3800, 3806 Orleans Ave; 5801 N Cortez St

Type: Industrial
Price: $890,000 ($69 / SF)
Buyer: A AND M ORLEANS PROPERTIES LLC
Elifin’s Notes: Local investors purchase 12,916 sq ft of industrial warehouse space sitting on 0.46 acres of land in the Bayou St. John area

604-606 Baronne St
604-606 Baronne St

Type: Mixed-Use
Price: $650,000 ($135 / SF)
Buyer: 604 BARONNE LLC
Elifin’s Notes: Local investors acquire a three-story building in the heart of the CBD area with 4,814 sq ft of space made up of a first floor area currently suited for office use and two upper stories which are blank slate areas that can be utilized however the new

2701 General Pershing St
2701 General Pershing St

Type: Office
Price: $650,000 ($277 / SF)
Buyer: 4321 23 MAGNOLIA STREET LLC
Elifin’s Notes: Local investor purchases 2,344 sq ft medical office building in the Milan area

1429 Governor Nicholls St
1429 Governor Nicholls St

Type: Multifamily
Price: Withheld
Buyer: FAUBOURG TREME HOLDINGS LLC
Elifin’s Notes: Local investor purchases a two-story multifamily property with eight 1BA/1BR units in the Treme area


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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