Mixed-Use Retail and
1300 ARABELLA Street New Orleans, LA 70115
1300 ARABELLA Street, New Orleans, LA, 70115
$1,650,000
For Sale
$1,650,000
Mixed-use property with ground-floor retail and two second-floor apartments, including one unit leased on a month-to-month basis.
Property Size7,117 SF
Price / SF$231.84
Days on Market251
Property Features for 1300 ARABELLA Street
General Information
- Standard status
- Active
- Size
- 7,117 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1880
Listing agency
Ben & Burka
(504) 301-1002
Listed by
Aaron Kazanoff · License #0995700882
Source
Xome
Added: Nov 14, 2025 Updated: Jul 22 at 3:50PM Checked: Jul 22 at 3:50PM
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 Ben & Burka
Investment Insights
Based on property information with market context.
1300 Arabella Street is a mixed-use property featuring a ground-floor retail storefront and two apartments on the second floor. The approximately 4,500-square-foot ground-floor space is currently occupied by a longstanding retail operation that has been legally non-conforming; the space is expected to be available within about 90 days. The second floor totals approximately 2,575 square feet and includes two 2BR/1BA apartments in good condition, with one unit leased on a month-to-month basis and the other available for immediate occupancy or repositioning.
The property is positioned on the hard corner of Prytania and Arabella Streets and is directly adjacent to the new Robert’s Fresh Market. It is located in the heart of the Golden Rectangle area and is also described as being just blocks from Prytania Street, St. Charles Avenue, and Magazine Street retail and dining.
Because the ground-floor retail operation is supported by legal non-conforming status, the continued retail use is part of the property’s current configuration. The buyer should verify all zoning regulations and permitted uses.
The property is positioned on the hard corner of Prytania and Arabella Streets and is directly adjacent to the new Robert’s Fresh Market. It is located in the heart of the Golden Rectangle area and is also described as being just blocks from Prytania Street, St. Charles Avenue, and Magazine Street retail and dining.
Because the ground-floor retail operation is supported by legal non-conforming status, the continued retail use is part of the property’s current configuration. The buyer should verify all zoning regulations and permitted uses.
Key Highlights
- Mixed‑use building with ±4,500 SF ground‑floor retail plus ±2,575 SF of second‑floor apartment space
- Two second‑floor apartments: both 2BR/1BA; one unit is leased on a month‑to‑month basis and the other is vacant
- Ground‑floor retail operation is legally non‑conforming and will be available within ±90 days
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.5k | $12.72 |
| − Vacancy | −$1.8k | −$0.25 |
| EGI | $88.7k | $12.47 |
| − OpEx | −$26.6k | −$3.74 |
| NOI | $62.1k | $8.73 |
7,117 SF · lease $12.72/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$887.2K
$776.3K – $1.04M
NOI $62,102 @ 7.0% cap · market cap 3.76%
Second Best
Multifamily LT 5
$873.9K
$764.7K – $1.02M
NOI $61,172 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,437 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Prytania Wine & Spirits ...
Specialty Food Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Nola Flora — 4536 Magazine St, New Orleans, LA 70115
- Rue Magnolia I LLC — 526 leontine st, new orleans, la 70115
- Leaf + Petal NOLA — 4737 Tchoupitoulas St, New Orleans, LA 70115
FAQs
What type of property is this?
Storefront property - Mixed-use property with ground-floor retail and two second-floor apartments, including one unit leased on a month-to-month basis.
Where is this storefront property located?
The property is located at 1300 ARABELLA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Mixed‑use building with ±4,500 SF ground‑floor retail plus ±2,575 SF of second‑floor apartment space; Two second‑floor apartments: both 2BR/1BA; one unit is leased on a month‑to‑month basis and the other is vacant; Ground‑floor retail operation is legally non‑conforming and will be available within ±90 days
