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    La-59 Mandeville, LA 70471

    Sponsored
    For Sale
    $3,267,000

    20 Acres, I2 Zoning, Hwy 59 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 20-acre commercial and industrial land parcel presents a unique investment opportunity in Mandeville, Louisiana. Strategically located on Highway 59, this property boasts approximately 600 feet of highway frontage, providing excellent visibility and accessibility. The site is conveniently situated just one mile south of Interstate 12, at the northeast corner of Highway 59 and North Lane, offering seamless connectivity to major transportation routes. Its prime location is further enhanced by its proximity to established industrial parks, including the Alamosa and Prieto Industrial Parks, fostering a thriving business environment. A fire station is also located directly adjacent to the property. The property is zoned I2, allowing for a wide range of industrial and commercial uses. The seller is willing to consider the sale of a smaller, 6-acre portion of the front acreage at a price of $4.75 per square foot. The full 20-acre parcel is priced at approximately $3.75 per square foot. Please note that a survey of the site is to be determined, and the seller requires a 60-foot right-of-way at the rear of the property to facilitate future development. This presents a rare chance to acquire a significant land holding in a high-demand location with excellent potential for various commercial and industrial ventures. The asking price for the entire 20-acre parcel is $3,267,000.

    Property Features for 0 La-59

    General Information

    Property type
    Land
    Lot Size
    871,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mandeville
    County
    St Tammany Parish
    State
    Louisiana
    Longitude
    -90.039941
    Latitude
    30.429488

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    FAQs

    What type of property is this?
    Land - 20 Acres, I2 Zoning, Hwy 59 Frontage
    Where is this land located?
    The property is located at La-59 Mandeville, LA.
    What is the asking price?
    The asking price for this property is $3,267,000.
    Request Owner's contact information
    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
    La-59 Mandeville, LA 70471
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