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Property profile & analytics
OFF-MARKET Estimated value $775,000
Commercial real estate

690 Lafitte St Mandeville, LA 70448-5200

4,044 SF 1 ac lot Built 2008
Entity Owned 1-yr Hold
Property ID
US36-0257399
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Total area 4,044 SF
Lot 1 ac (43,560 SF)
APN 56913
UPID US36-0257399
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Papillon's Restaurant
  • Angolo del Vino Wine Bar & Gelateria Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
$645k
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k
Owner & transaction history
Alfortish Contractors LLC · 1 yrs held
Alfortish Contractors LLC
since 2025
Last sale
$865,600
6 recorded transactions
2025
$865,600
2021
Price N/A
2021
$855,000
2021
Price N/A
2018
Price N/A
2017
$465,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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