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Corner Grocery and Convenience Store
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8841 Olive St, New Orleans, LA 70118

Occupied retail property with an established food store tenant at a prominent street corner.

Property Size2,646 SF
Lot Size0.08 Acres
Days on Market143

Property Features for 8841 Olive St

General Information

Standard status Active
Size 2,646 SF
Lot size 0.08 Acres
Property subtype Retail

Additional Details

Corner Location Yes

Building Details

Tenancy Single
Listing Agency: NAI Rampart
Listed By: Paul Richard · License #LA SALE.0000014602-ACT
Source: Crexi
Added: Apr 10 Changed: Aug 29 Last Checked: Aug 29 at 11:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Rampart

Investment Insights

Based on property information with market context.

This 2,646-square-foot retail property operates as Olive Food Store and is currently rented to the business. The building serves a grocery and convenience retail use, with the existing tenant having served the surrounding community for years.

The property is positioned at the corner of Olive Street and General Ogden Street in New Orleans. Lots 13 and 14, identified as 30 x 120, are included with the property, providing additional land associated with the retail operation.

Key Highlights

  • 2,646 SF retail property
  • Currently rented to Olive Food Store
  • Corner location at Olive Street and General Ogden Street

Property Analytics

Current Use

Olive Supermarket Specialty Food Shop

Suggested Use

Top Pick Real Estate Agency HVAC Service Law Firm Spa & Massage Center Computer & Electronic Repair Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

641
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 83% Shops & Services 15% Dining 1% Home Improvements & Furnishings 1%
Costco Wholesale Superstores
118,388 visits/mo 0.5 miles
Dollar General Shops & Services
12,107 visits/mo 0.5 miles
AutoZone Shops & Services
5,847 visits/mo 0.5 miles
Public Storage Shops & Services
1,763 visits/mo 0.4 miles
SUBWAY Dining
1,497 visits/mo 0.5 miles

Demographics for 70118, LA

35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value

Market

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019
7.2% 2020
5.7% 2021
4.3% 2022
3.6% 2023
3.9% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Occupied retail property with an established food store tenant at a prominent street corner.
Where is this grocery and convenience store located?
The property is located at 8841 Olive St New Orleans, LA.
What are key features of this property?
This property features: 2,646 SF retail property; Currently rented to Olive Food Store; Corner location at Olive Street and General Ogden Street
More about this property
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