The Pulse NOLA: Mixed-use property sells in French Quarter

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

Commercial Sales Recorded Last Week

1212 Royal St, New Orleans, LA 70116
1212 Royal St, New Orleans, LA 70116

Type: Mixed-Use
Price: $2,050,000 ($278.15 / SF)
Buyer: 1212 ROYAL LLC
Elifin’s Notes: This mixed-use property has 2 street-level restaurant spaces and 8 residential units on the second floor.

2237, 2249 Arlington Ave, Harvey, LA 70058
2237, 2249 Arlington Ave, Harvey, LA 70058

Type: Industrial
Price: $880,000 ($137.50 / SF)
Buyer: HERO LANDS COMPANY LLC
Elifin’s Notes: Hero Lands Company LLC acquires a pair of newly constructed industrial warehouses at the corner of Arlington Avenue and 11th Street.

4600 S Claiborne Ave, New Orleans, LA 70125
4600 S Claiborne Ave, New Orleans, LA 70125

Type: Retail
Price: $760,000 ($353.49 / SF)
Buyer: PILAH LLC
Elifin’s Notes: Pilah LLC acquires a chiropractic medical property on Claiborne Avenue.

3317 N I-10 Service Rd W, Metairie, LA 70002
3317 N I-10 Service Rd W, Metairie, LA 70002

Type: Office
Price: $688,500 ($166.02 / SF)
Buyer: 3317 N I 10 SERVICE RD W LLC
Elifin’s Notes: An office property changes ownership near the Copeland Tower in Metairie.

861 Gretna Blvd, Gretna, LA 70053
861 Gretna Blvd, Gretna, LA 70053

Type: Retail
Price: $392,533 ($45.97 / SF)
Buyer: STAR CRAWLER LLC
Elifin’s Notes: An auto collision center changes hands in Gretna.

609 Avondale Garden Rd, Avondale, LA 70094
609 Avondale Garden Rd, Avondale, LA 70094

Type: Retail
Price: $200,000 ($87.68 / SF)
Buyer: LEMUS FRANCIBEL M
Elifin’s Notes: A bar property changes hands in Avondale.

101 Allen Toussaint Blvd, New Orleans, LA 70124
101 Allen Toussaint Blvd, New Orleans, LA 70124

Type: Retail
Price: Withheld
Buyer: SNEERGLAW LLC
Elifin’s Notes: SNEERGLAW LLC, a local entity, purchases the Walgreens in the Lakeshore area.

1545 Clouet St, New Orleans, LA 70117
1545 Clouet St, New Orleans, LA 70117

Type: Industrial
Price: Withheld
Buyer: LOT 7 AUTOMOTIVE
Elifin’s Notes: A warehouse property sells at the corner of Clouet Street and North Claiborne Avenue.


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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