1300 Arabella St - Storefront Retail/Residential FOR SALE


New Orleans, LA 70115- Audubon
$1,575,000 USD
504-301-1002
1300 Arabella St, New Orleans, LA for Sale
$1,575,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

1300 Arabella St
New Orleans, LA 70115
Audubon


OVERVIEW

1300 Arabella Street offers a rare mixed-use neighborhood asset consisting of a longstanding ground-floor retail store with full liquor sales and two well-maintained apartments on the second floor. The ±4,500 SF ground floor is currently home to Prytania Wine & Spirits, a decades-long, legally non-conforming operation that has become a true neighborhood staple for residents and shoppers alike. The ground floor space will be available within ± 90 days. The ±2,575 SF second floor features two 2BR/1BA apartments in good condition. One unit is leased on a MTM basis, while the other is vacant and available for immediate occupancy or repositioning. Ideally situated directly adjacent to the new Robert’s Fresh Market, the property sits in the heart of the coveted Golden Rectangle—one of New Orleans’ strongest and most established demographic areas. Positioned on the hard corner of Prytania and Arabella Streets, the site is just blocks from the bustling Prytania Street commercial corridor, St. Charles Avenue, and Magazine Street shops and dining. The property benefits from its legal non-conforming status, allowing the continued operation of a full-service retail use with liquor sales. Buyer to verify all zoning regulations and permitted uses.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

HU-RD2

APN/PARCEL ID

6-15-1-051-07

ASK ABOUT THIS PROPERTY

Ben Jacobsonben + burkaMore Info
504-301-1002

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Ben Jacobsonben + burkaMore Info
504-301-1002

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