1841 La-59, Mandeville, LA 70448
This exceptional 5,500 square foot special purpose property, built in 1974, is situated on a highly visible 300-foot frontage along Highway 59 in Mandeville, Louisiana. Boasting a daily traffic count exceeding 20,000 vehicles, this location offers unparalleled exposure. The property includes three houses, two of which currently generate rental income, presenting a unique investment opportunity. The property is zoned NC-4 commercial, allowing for diverse potential uses. All flooring will be replaced with luxury vinyl plank (LVP) in the coming months. This single-story building presents a compelling proposition for those seeking a high-traffic location with existing income streams and significant redevelopment potential. The asking price is $995,000, translating to $180.91 per square foot. Located at 1841 LA-59, Mandeville, LA 70448, this property is in St. Tammany Parish. Schedule a viewing to explore the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.