1300 Arabella, New Orleans, LA for sale

Investment Overview

Newmark presents 1300 Arabella Street, a hard-corner mixed-use property at Prytania and Arabella Streets. It combines ±4,500 SF of ground-floor retail with two apartments upstairs. The retail space, which includes ample back-of-house storage, has long been home to Prytania Wine & Spirits, a legally non-conforming liquor store that has served the neighborhood for decades. The ground floor is available for occupancy by end of Q4 ‘26, giving a buyer the opportunity to owner-operate or re-tenant the space. The ±2,575 SF second floor has two, 2BR/1BA apartments, both currently leased. The property sits in the Golden Rectangle, next door to the new Robert’s Fresh Market, in one of Uptown New Orleans’ most established neighborhoods. The area is bordered by St. Charles Avenue, Jefferson Avenue and Magazine Street, and it extends toward Audubon Park. The corner of Prytania and Arabella is steps from Robert’s Fresh Market and a short walk from the Prytania Street commercial strip, the Prytania Theatre, Whole Foods, Starbucks, Saba and more. Audubon Park is also nearby.

Investment Highlights

• Hard-corner mixed-use retail property
• Ground-floor retail with upstairs residential income
• ±4,500 SF ground-floor retail space
• ±2,575 SF second floor with two apartments
• Two 2BR/1BA apartments currently leased
• Ample back-of-house storage
• Longtime retail occupancy history