1140 Cswy Approach Mandeville, LA 70471-3038
- Commercial real estate
- 5,500 SF
Current Use by Public Records
- RAOmedspa / Spa & Massage Center / Alternative Medicine Practice
- RAO Medical Spa & Anti-Aging Clinic / Spa & Massage Center / Alternative Medicine Practice
- Universal Pegasus International / Engineer
Property Details for 1140 Cswy Approach
- Year built
- 2008
- Property size
- 5,500 SF
- Property type
- Commercial real estate
- APN
- 61305
- APU
- 61305
Description
This exceptional executive office property, located at 1140 W Causeway Approach in Mandeville, Louisiana, presents a compelling investment opportunity. The 5,542 square foot building, constructed in 2004, is a Class B property situated within the desirable West Point Office Park. The building features four units spread across two stories, offering flexibility for various business needs. The asking price is $885,000, translating to a price per square foot of $159.69. The lease type is gross, simplifying financial management. This single-building property is ideally suited for a variety of uses, offering a strong return on investment. The property's location in St. Tammany Parish, Louisiana, zip code 70471, provides convenient access to local amenities and transportation routes. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-maintained, established office space in a thriving Louisiana market. The property's solid construction and desirable location make it an attractive prospect for both owner-occupiers and investors seeking a stable, income-generating asset. Further information regarding the property's specifics is available upon request.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $950,000
- 6.5%
- $875,000
- 7%
- $815,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $799,000
- AI Estimate
- $579,000
Market price range: $405k - $800kMarket price range: $178k - $656k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $575,000 Current use
- INDUSTRIAL (GENERAL)
- $530,000 Change: -8% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Mandeville
- County
- Saint Tammany
- State
- Louisiana
- Longitude
- -90.0967
- Latitude
- 30.3821
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA