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    2600 La-59 Mandeville, LA 70471

    Sponsored
    For Sale
    $500,000

    High-traffic Hwy 59 lot, $500,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.94-acre commercial land parcel, located at 2600 LA-59 in Mandeville, Louisiana (zip code 70471), presents a unique investment opportunity. Situated on Highway 59, south of Lonesome Road and adjacent to the Diaz Shell Station, this property boasts a highly visible location with significant traffic flow. The lot is zoned NC6, allowing for multiple commercial uses, providing flexibility for a variety of development plans. The asking price is $500,000, translating to $531,915 per acre. This strategically positioned land is only 1.5 miles south of Interstate 12, ensuring easy access to major transportation routes. The area is characterized by strong demographics and high traffic counts, making it an ideal location for businesses seeking high visibility and accessibility. While this listing is for one parcel, a second, similarly sized parcel is also available for purchase, with both parcels available for a combined price of $1,000,000. Please note that some exclusions apply. Detailed information regarding permitted uses under the NC6 zoning designation is readily available upon request. This property offers significant potential for investors seeking a prime commercial location in a thriving area.

    Property Features for 2600 La-59

    General Information

    Property type
    Land
    Lot Size
    40,946 SF

    HighLights

    • 0.94‑acre commercial land parcel in Mandeville, LA (70471) for $500,000.
    • High‑visibility location on Highway 59, near I‑12 and Diaz Shell Station.
    • NC6 zoning allows multiple commercial uses.
    • Adjacent parcel also available; combined price $1,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mandeville
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.0407392
    Latitude
    30.4153932

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    FAQs

    What type of property is this?
    Land - High-traffic Hwy 59 lot, $500,000
    Where is this land located?
    The property is located at 2600 La-59 Mandeville, LA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 0.94-acre commercial land parcel in Mandeville, LA (70471) for $500,000.; High-visibility location on Highway 59, near I-12 and Diaz Shell Station.; NC6 zoning allows multiple commercial uses.
    (985) 629-3500
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    2600 La-59 Mandeville, LA 70471
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    Mandeville, LA 70471
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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
    2600 La-59 Mandeville, LA 70471
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