690 Lafitte St Mandeville, LA 70448-5200
This exceptional two-story commercial building, boasting 5,031 square feet, sits on a 0.61-acre lot in the heart of Old Mandeville, Louisiana. Its enviable location is directly across from the Mandeville Trailhead and Market, ensuring high visibility and foot traffic. Previously home to successful restaurants, Papillon's and Angolo's, the property is ideally suited for a variety of uses, including fine dining. The upper floor features a spacious covered patio, perfect for outdoor dining or events, and is well-equipped for a restaurant setting. The ground floor, also recently updated, is equally adaptable to a restaurant, bar, or smaller business. Both floors include updated his and her restrooms. Significant recent improvements include a new roof and a new HVAC system. The property is also under an active termite contract and has a history of no flooding. While current photos don't reflect the recent upgrades, professional photographs will be available on January 25th. This turnkey property presents a rare opportunity to own a meticulously maintained commercial building in a highly desirable location. The asking price is $1,200,000. Don't miss this chance to establish your business in the vibrant heart of Old Mandeville.
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Papillon's Restaurant
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Angolo del Vino Wine Bar & Gelateria Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.