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    Highway 59 Mandeville, LA 70471

    For Sale
    $9,923,142

    Prime Mandeville industrial acreage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 95.48-acre industrial land parcel presents a significant investment opportunity in Mandeville, Louisiana. Strategically located just north of I-12 with 1300 feet of frontage on Highway 59, this property enjoys a central position between I-55 and I-59 within the burgeoning I-10/I-12 corridor. The site boasts adjacency to Alamosa Business Park to the south and the St. Tammany Parish Government Complex to the north, offering excellent visibility and accessibility. The land is divisible, with options ranging from approximately 15 to 95 acres, subject to seller approval. The property spans both sides of the Tammany Trace, encompassing 29.5 acres on the east side and 65.48 acres on the west. Currently zoned I-2 Industrial, the Highway 59 frontage holds potential for HC2 zoning. Detailed pricing varies depending on parcel size and configuration, with options ranging from approximately $2.25 to $5 per square foot. The total asking price for the entire 95.48-acre tract is $9,923,142. Existing easements include electric lines and others. The property's APN is 1121408835. This prime location and flexible parcel options make this an ideal site for various industrial and commercial developments. The property offers approximately 1200 feet of frontage along the Tammany Trace. Lot depth is approximately 2138 feet.

    Property Features for 0 Highway 59

    General Information

    Property type
    Land
    Lot Size
    1,285,020 SF

    HighLights

    • 95.48‑acre industrial land parcel in Mandeville, LA, near I‑12, I‑55, and I‑59.
    • 1,300 ft of Highway 59 frontage.
    • Divisible parcels ranging from 15 to 95 acres.
    • I‑2 zoning, with potential for HC2 zoning on Highway 59 frontage.
    • Easements for electric lines and others.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mandeville
    County
    LA
    State
    Louisiana
    Longitude
    -90.0410925
    Latitude
    30.4114592

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    FAQs

    What type of property is this?
    Land - Prime Mandeville industrial acreage.
    Where is this land located?
    The property is located at Highway 59 Mandeville, LA.
    What is the asking price?
    The asking price for this property is $9,923,142.
    What are key features of this property?
    This property features: 95.48-acre industrial land parcel in Mandeville, LA, near I-12, I-55, and I-59.; 1,300 ft of Highway 59 frontage.; Divisible parcels ranging from 15 to 95 acres.
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    Highway 59 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
    Highway 59 Mandeville, LA 70471
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