Property summary
This exceptional 6,253 square foot commercial building is situated on a 0.82-acre lot at 1837 Florida Street in Mandeville, Louisiana. Located just outside the city limits, between Marigny and Lamarque Streets, this property boasts excellent visibility from Florida Street. Currently leased month-to-month to a tire company for a gross lease of $4,600 per month, this versatile building offers significant income potential. Originally designed as medical office space, the building's adaptable layout allows for a wide range of commercial uses. Constructed with a reinforced slab, steel frame, metal panels, and a metal roof (resealed three years ago), this structure is built to last. Ample parking is provided by a gravel lot measuring approximately 125 x 40 feet, accommodating approximately twenty-eight vehicles. An additional 2,337 square feet of concreted surface on the east and rear of the building offers further parking and drive space. The west side of the property is secured with a chain link fence. This property presents a unique opportunity for investors and business owners seeking a well-maintained, high-visibility commercial space in a desirable Mandeville location.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Auto Parts Store
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General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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