1220 Highway 59 Mandeville, LA 70448
This exceptional 3,109 square foot property located at 1220 Hwy. 59 in Mandeville, Louisiana, presents a unique investment opportunity. Currently zoned NC-4, this versatile building offers a multitude of potential uses. Imagine establishing a thriving studio, salon, daycare center, retail business, bed and breakfast, or professional/medical offices. Alternatively, the property's zoning also allows for residential use, providing flexibility for a variety of business and living arrangements. The existing structure includes a spacious main building and a substantial shed, providing ample storage or workspace. The property sits on a 0-acre lot, offering convenient access and visibility along Highway 59 in the desirable Mandeville market. Further zoning details and permitted uses can be obtained by reviewing the St. Tammany Parish website. This property is priced competitively at $290,000, representing a significant value for its size, location, and diverse potential applications. Don't miss this chance to acquire a prime piece of Mandeville real estate with exceptional upside potential. The property's versatility and prime location make it an ideal investment for both seasoned investors and those seeking a unique business venture. Act quickly to secure this exceptional opportunity.
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.