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    1851 Florida Hwy 190 St Mandeville, LA 70448

    For Sale
    $774,000

    High-traffic corner lot, restaurant building.

    Property size:
    2,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 1.07-acre commercial property in Mandeville, Louisiana, presents a unique investment opportunity. Located at 1851 Florida Street (Highway 190), this prime location boasts significant highway frontage of 180 feet and a depth of 260 feet. The property is zoned HC2 and includes two parcels of land totaling over an acre (150' x 260' and 30' x 260'), offering excellent visibility and accessibility. Currently featuring an existing building previously used as a restaurant, the sale price reflects the land value only. The building itself is considered either a tear-down or a fixer-upper, providing flexibility for future development. With its high traffic count and prominent corner location, this property is ideal for a variety of commercial ventures. The substantial size and highway frontage make it particularly attractive for businesses requiring high visibility and ample space. This is a rare opportunity to acquire a significant commercial parcel in a thriving Mandeville location. The property's size and zoning offer considerable potential for redevelopment or repurposing, catering to a wide range of commercial uses. The asking price is $774,000.

    Property Features for 1851 Florida Hwy 190 St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,200 SF
    Lot Size
    46,609 SF

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mandeville
    County
    St Tammany
    State
    Louisiana
    Longitude
    -90.0593
    Latitude
    30.3628

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, restaurant building.
    Where is this commercial real estate located?
    The property is located at 1851 Florida Hwy 190 St Mandeville, LA.
    What is the asking price?
    The asking price for this property is $774,000.
    (985) 626-5695
    Request Owner's contact information
    1851 Florida Hwy 190 St Mandeville, LA 70448
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1851 Florida Hwy 190 St Mandeville, LA 70448
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