1601 Elysian Fields Ave - Service Station FOR SALE


New Orleans, LA 70117- St Roch
$7,000,000 USD
504-236-3891
1601 Elysian Fields Ave, New Orleans, LA for Sale
$7,000,000 USD
Service Station - FOR SALE
1/14
null | Request Cap Rate

1601 Elysian Fields Ave
New Orleans, LA 70117
St Roch


HIGHLIGHTS

  • Shell Gas station with eight fuel islands (16 gas bays). Multi-product, double-side, pay-at-the-pump fuel dispensers.
  • Two underground fuel tanks with a combined tank capacity of 20,000 gallons.
  • Magnolia Discount Convenience Store. 2,368 Sqft with small comml kitchen, extensive coolers & freezers, & 2 restrooms, plus unfinished 2nd flr space.
  • Prominent Pylon Sign
  • 21 Concrete Parking Spaces

OVERVIEW

This unique acquisition opportunity includes both the real estate and business operations, making it ideal for owner-operators or investors seeking a turnkey venture. Strategically positioned at the high-visibility corner of Elysian Fields Avenue and North Claiborne Avenue, the property features a fully operational gas station equipped with eight fuel islands and 16 gas bays. Fuel is dispensed through multi-product, double-sided, pay-at-the-pump dispensers, supported by two underground fuel tanks with a combined capacity of 20,000 gallons. A predominant ±7,500 SF canopy with lighting and signage shelters the fuel islands, complemented by a prominent pylon sign for high visibility. The Magnolia Discount Convenience Store is housed in a ±2,368 SF building featuring a small commercial kitchen, extensive cooler and freezer space, two restrooms, and unfinished second-floor space offering additional development potential. Supplemented by 21 parking spaces and a traffic signal-controlled intersection, this site provides ±175 feet of frontage along Elysian Fields Avenue and ±200 feet along N. Claiborne Avenue, allowing for easy ingress/egress in a high-traffic area. The entire property is located within a General Commercial District (C-1) in the City of New Orleans. Contact the Listing Agents for business financials and additional information. All measurements are approximate/not guaranteed and are to be verified by the purchaser. Zoning, Overlays, and Intended Use are to be verified by the purchaser. Property to be sold in “as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$2,447 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Shell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,751 SF

ZONING

C-1

APN/PARCEL ID

3-8W-1-075-04

ASK ABOUT THIS PROPERTY

Chip GardnerLatter & BlumMore Info
504-236-3891

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Chip GardnerLatter & BlumMore Info
504-236-3891

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.