$2,000,000
$1,999,998
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68688 HIGHWAY 59 Mandeville, LA 70471
4.65 Acres Lot
Key Details
Sold Price $2,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Not A Subdivision
MLS Listing ID 2481949
Sold Date 02/06/25
HOA Y/N No
Year Built 2014
Lot Size 4.650 Acres
Acres 4.65
Property Description
INVESTMENT OPPORTUNITY! Currently Producing at approximate 9.2% CAP rate. State of the Art Building Operating as a Collision Center with approximately 12,000 square feet of warehouse area and approximately 3,000 square feet of office area, completely fenced in on 1.75 acres generating an annual income of $150,000. Also attached is Approximately 3 acres of cleared vacant land that is currently ground leased and generating an annual revenue of $36,000. Both Leases are Triple Net (NNN).
Location
State LA
County St Tammany
Zoning I
Interior
Fireplace No
Exterior
Parking Features Three or more Spaces
Water Access Desc Well
Accessibility Accessibility Features
Building
Lot Description 1 to 5 Acres, Outside City Limits
Entry Level One
Sewer Treatment Plant
Water Well
Level or Stories One
Others
Tax ID 55164
Financing Cash
Special Listing Condition None
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Bought with Crescent Sotheby's International Realty
