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639 Lotus Dr Mandeville, LA 70471

For Sale
$649,000

High-Visibility Multi-Tenant Property in Mandeville

Property size:
6,415 SF

Description

Added:
Feb 3, 2025
Days on Market:
312
This exceptional multi-tenant commercial building, located at 639 N LOTUS Drive Unit 1-3, Mandeville, LA, presents a compelling investment opportunity. Boasting 6,415 square feet on a 0.51-acre lot, the property enjoys excellent visibility with 104.8 feet of frontage on Lotus Drive North. Its B-2 zoning makes it highly desirable. The building comprises three units. The front unit, a nearly turnkey former dental office, is ideal for a dentist seeking a Mandeville location. The rear unit is currently leased to a long-term tenant under a 5-year lease at $1848.00 per month. The center unit is vacant and includes an upstairs apartment. Recent repainting enhances the property's appeal, and ample parking is available. The building's strategic location in Mandeville, combined with its versatile layout and strong leasing potential, makes it an attractive investment. The asking price is below a recent appraisal, representing significant value for a discerning buyer. This property offers a blend of immediate income generation from the leased unit and the potential for increased revenue through leasing the vacant space. The turnkey dental office presents a unique opportunity for a quick start. The property's size and location in a desirable area of Mandeville ensure strong potential for long-term growth and profitability.

Property Features for 639 Lotus Dr

General Information

Property type
Other commercial real estate
Square Feet
6,415 SF
Lot Size
22,216 SF

Building Details

Year Built
2001

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Esp Receivables Management ... Debt Collection Agency Dr. Bruce Groom Family Practice Physician Dr. Michael Glassinger Emergency Care Physician Clark Family Dentistry Dentist Dr. Robert J. ... Dentist

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mandeville
County
St Tammany
State
Louisiana
Longitude
-90.10619
Latitude
30.3983

FAQs

What type of property is this?
Commercial real estate - High-Visibility Multi-Tenant Property in Mandeville
Where is this commercial real estate located?
The property is located at 639 Lotus Dr Mandeville, LA.
What is the asking price?
The asking price for this property is $649,000.
More about this property
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