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    2602 La-59 Mandeville, LA 70471

    Sponsored
    For Sale
    $1,000,000

    Prime Mandeville location, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in Mandeville, Louisiana. Encompassing 1.88 acres, this property is strategically situated at the intersection of Highway 59 and Lonesome Road, directly adjacent to the Diaz Shell Station. The land is comprised of two parcels, Lots 1-C1 and 1-D1, each measuring approximately 0.94 acres and individually priced at $500,000. Alternatively, both parcels are available for purchase together at a combined price of $1,000,000. This translates to an approximate land value of $531,915 per acre. The property is zoned NC6, allowing for multiple commercial uses, providing considerable flexibility for development. Its location just 1.5 miles south of Interstate 12 ensures high visibility and accessibility, benefiting from significant traffic counts and a desirable demographic profile. While the parcels can be purchased separately or together, please note that some exclusions may apply. This prime location offers substantial potential for a variety of commercial ventures. The address is 2602 LA-59, Mandeville, LA 70471, within St. Tammany Parish.

    Property Features for 2602 La-59

    General Information

    Property type
    Land
    Lot Size
    81,893 SF
    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 - Prime Mandeville location, high traffic.
    Where is this land located?
    The property is located at 2602 La-59 Mandeville, LA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (985) 629-3500
    Request Owner's contact information
    2602 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
    2602 La-59 Mandeville, LA 70471
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