1875 La-59 Mandeville, LA 70448
This exceptional 8,527-square-foot executive office building in Mandeville, Louisiana, presents a unique investment opportunity. Situated on a 1.315-acre lot, this property boasts two Class-A, stand-alone buildings, completely renovated in 2022. The main building comprises 5,366 square feet (3,942 SF ground floor and 1,424 SF second floor), while the annex building adds another 3,161 square feet. The property features ample parking with approximately 48 surface spaces, exceeding 5 spaces per 1,000 square feet. The well-appointed interior includes numerous individual offices, multiple conference rooms, a large training room, a break room, and an impressive reception area. Located on Highway 59, it offers convenient access to Interstate 12 and Highway 190. The property is zoned NC-2 and sits in a flood zone X. The asking price is $2,344,925, translating to $275 per square foot. Mature landscaping and majestic oak trees enhance the aesthetic appeal of this prime commercial property. The building's layout is designed for optimal functionality and efficiency, making it an ideal space for a variety of businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.