29
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$650,000
Est. payment /mo
2,475 SqFt
Active
4060 HIGHWAY 59 HWY Mandeville, LA 70471
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,475 sqft
Price per Sqft $262
Subdivision Not A Subdivision
MLS Listing ID 2523876
HOA Y/N No
Year Built 1980
Lot Size 0.700 Acres
Acres 0.7
Property Description
Exceptional opportunity to acquire a strategic commercial building in Mandeville featuring 2,475 sq ft of office space integrated with 3,525 sq ft of attached warehouse space. This property boasts 11 dedicated parking spaces, ensuring convenience for tenants and clients alike. Situated with prime road visibility along Highway 59, it offers easy access to I-12, enhancing its appeal for businesses seeking high traffic exposure.
A key highlight of this property is the existing ground lease with Take 5 Oil Change (4058 hwy 59), providing a reliable income stream that will convey with the sale. This lease, set to renew in February 2027 and currently significantly under valued, presents a compelling financial advantage, significantly increasing the overall potential of this investment.
Property with ground lease is being sold as is. All offers must have proof of funds to be considered.
Don't miss out on this unique opportunity to own a versatile commercial space with an income-generating feature in a bustling location!
A key highlight of this property is the existing ground lease with Take 5 Oil Change (4058 hwy 59), providing a reliable income stream that will convey with the sale. This lease, set to renew in February 2027 and currently significantly under valued, presents a compelling financial advantage, significantly increasing the overall potential of this investment.
Property with ground lease is being sold as is. All offers must have proof of funds to be considered.
Don't miss out on this unique opportunity to own a versatile commercial space with an income-generating feature in a bustling location!
Location
State LA
County St Tammany
Community Common Grounds/Area
Zoning HC-2
Interior
Fireplace No
Exterior
Parking Features Off Street
Community Features Common Grounds/Area
Water Access Desc Public
Building
Lot Description Outside City Limits, Oversized Lot
Dwelling Type Office,Warehouse
Entry Level One
Sewer Septic Tank
Water Public
Level or Stories One
Others
Tax ID 42416
Special Listing Condition None
Listed by LATTER & BLUM (LATT15)
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