2940 Elysian Fields Ave New Orleans, LA 70122
For Sale
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- This former Waffle House property offers a rare opportunity to occupy or redevelop a highly visible site along a major commercial corridor in Gentilly. Strategically positioned on Elysian Fields Avenue between I-610 and I-10, the site benefits from exceptional vehicular traffic and accessibility. - The building is currently vacant and delivered in grey-shell condition, offering a flexible layout for a wide range of retail or restaurant uses. Existing infrastructure includes a walk-in freezer and cooler, and the site is improved with 28 off-street parking spaces. - Surrounded by a strong mix of national retailers, fast food concepts, and service-oriented businesses, the property is ideally situated to capitalize on the area’s growing consumer demand. This stretch of Elysian Fields is one of Gentilly’s most active commercial corridors, providing excellent visibility and consistent traffic counts.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.