Mixed-Use Office and Live-Work

71128 Highway 59 Abita Springs, LA 70420

Claim this Listing
For Sale
$1,500,000

Two-level mixed-use building offers multiple office suites and built-in residential living-business quarters, with security shutters throughout.

Property size:
6,610 SF
Price / SF:
$226/SF
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

Listing date Apr 9, 2026

Source Exprealty

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 Crescent Sotheby's Intl Realty


Investment Insights

Based on property information with market context.

This mixed-use commercial-residential property includes office space and a spacious living-business quarters above. The first floor totals a large, flexible footprint that can function as one multi-office space or be configured as up to three separate suites, each supported by compact kitchen areas and half or full baths. The second level is built out into usable living space, including a full kitchen and 2.5 full baths. The overall design emphasizes versatility, with the second floor potentially usable as commercial as well.

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
6,610 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.07M
$937.6K – $1.25M (±1% cap)
NOI $75,005 @ 7.0% cap · market cap 5.00%
Second Best
Mixed Use
$977.3K
$855.2K – $1.14M (±1% cap)
NOI $68,414 @ 7.0% cap · market cap 4.56%
Theoretical Best
Multifamily LT 5
$71.26M
$62.35M – $83.13M (±1% cap)
NOI $4,987,959 @ 7.0% cap · market cap 332.53%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Live-work space

Suggested Use

Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Hair Salon Dental Office Law Firm HVAC Service Auto Repair Shop Garden Center

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

FAQs

What type of property is this?
Live-work space - Two-level mixed-use building offers multiple office suites and built-in residential living-business quarters, with security shutters throughout.
Where is this live-work space located?
The property is located at 71128 Highway 59 Abita Springs, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 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.
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