71128 Highway 59 Abita Springs, LA 70420
Two-level mixed-use building offers multiple office suites and built-in residential living-business quarters, with security shutters throughout.
- Added:
- Apr 9, 2026
- Days on Market:
- 94
- Last Refresh:
- Jul 11 at 3:13 am
Property Features for 71128 Highway 59
General Information
- Standard status
- Active
- Size
- 6,610 SF
Listing office Crescent Sotheby's Intl Realty (985) 264-6222
Listing date Apr 9, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
The building is located along the gateway into Historic Abita Springs, at 71128 Highway 59. Showings require the listing agent to be on site due to tenant privacy requirements, and prospective viewings must be scheduled at least 24 hours in advance.
Tenants are in place under current leases, creating immediate income-producing potential. The structure and land have been maintained, with upgrades including full security and auto and manual window shutters for storm protection. The property is described as being in Flood Zones X & B.
Key Highlights
- Two‑level mixed‑use building with 2,324 SF living‑business quarters above 3 office suites and a 4,286 SF 1st floor.
- 4,286 SF 1st floor offers flexibility as one large multi‑office space or up to 3 fully separate suites with multiple offices.
- Upstairs built out after initial construction with full kitchen and 2.5 full baths, totaling transformed usable space within the 2,324 SF quarters.
Local Financial Insights For Office B
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 | $129.3k | $19.56 |
| − Vacancy | −$29.3k | −$4.43 |
| EGI | $100.0k | $15.13 |
| − OpEx | −$25.0k | −$3.78 |
| NOI | $75.0k | $11.35 |