Mandeville, LA Office Property For Sale

Buyer can occupy rear building that is 2,800 sf. and receive $64,000.00 annually from front tenant, who pays the net property taxes, insurance.

This is a High Profile location, facing N. Causeway Blvd., with 2,800 sf. for a user or another tenant. The front 3,000 sf. building has been leased as of January 1, 2023-December 31, 2028, to a Chiropractic business on a Five (5) year primary lease term, plus Three (3) Five year renewal options.

Front Building: Actual Income on 3,000 sf. Average Base Rent: $64,000.00 per year; Actual Triple Net Charges are for fiscal year 2023 are estimated to be

($ 4.00 psf.) or $12,000 dollars for 2023 for front building.

Rear Building can be occupied by buyers business/a user, or can do a

Proforma on 2,800 sf., for a tenant, with an Average Base Rent: $33,600.00 per year; Actual Triple Net Charges are for fiscal year 2023 are estimated to be ($.00 psf.) or $11,200.00 dollars for 2023 for rear building.

So many uses are possible for this property just 3 blocks from the lake in Old Mandeville.  Located within the historic district of Mandeville without the restrictions of a historic building.  Currently used as office space and configured as two suites, this property was originally 3 suites (329-333 Girod). Suite one includes reception, several offices, bathroom, and kitchenette.  Suite 2 includes a conference room, 5 offices, 2 bathrooms, kitchenette, copy area, and plenty of storage. On a 91 x 202 lot, there is ample room for parking or add onto the existing 2582 sq ft building.  Could easily be converted to a restaurant, medical, or residential use. See brochure for floorplan.

Professional Office Condominium located off North Causeway Blvd. in Mandeville. Located only 1-mile from Lake Ponchartrain Causeway Bridge and offers easy access to I-12. The zoning is B-2 (Highway Business District.). Approximately 5000 sf condo. Attractive office complex with ample parking. Includes: 8 private offices, 4 large offices/conf rooms, a reception area, kitchen and storage rooms. Lease Purchase and Bond for Deed available. Also available for lease, see MLS #2356591. Motivated Seller.

UPDATED: MARCH 7, 2023

PRICE WAS: $1,575,000.00

NOW: $1,450,000.00

OWNERSHIP WILL FINANCE ALL:

BUT ($500,000.00) DOLLARS DOWN PAYMENT

OVER 25 YEARS AMORTIZATION, WITH A 18 MONTH PAYOFF

WITHH AN INTEREST RATE OF SIX AND ONE/HALF (6.5%) PERCENT, WITH A NO-PREPAYMENT PENALTY, WHEREBY SAID LOAN CAN BE PAID OFF ANYTIME WITHIN THE 18 MONTHS.

This Freestanding Professional Office Building, fronts Causeway Boulevard, Mandeville, Louisiana, 70471. This is a Brick, Steel, and Concrete building, that also has 5 drive thru bays off the rear of the building. Could be used by a Pharmacy, Bank, Medical use.

Just 1 mile from the Causeway Bridge, with over 62,000 cars passing this site daily.

NOTE* THERE ARE NO RESTRICTIONS ON ANY BANKING/LENDING INSTITUTION FROM OCCUPYING THIS SITE.

IDEAL FOR A MEDICAL USE.

OWNERSHIP WILL FINANCE UP TO 50% OF THIS SALE OFFERING

OWNERSHIP WILL FINANCE UP TO 50% OF THIS PURCHASE.

LAND COMPS: $25-30 PSF. OR ($1,000,000.00) ON APPROX. 1 ACRE, AND FRONTS CAUSEWAY.

BLDG. COMPS: FORMER CREDIT UNION BUILDING, WELL APPOINTED, BRICK, STEEL, CONCRETE, 5507 SF. AT $200 PSF. OR $1,000,000.00

TOTAL: COMPARABLE BUILDING AND LAND VALUE: $2,100,000.00

ASKING: $1,450,000.00

HAVE INTERIOR FLOOR PLANS, SITE PLAN, AND SURVEY, IF INTERESTED!!

Great freestanding 6,119 sf building located off of Highway 22 in Mandeville (across the parking lot from the Tiffany lanes bowling alley). Plenty of parking and a 1/2 acre cleared and fenced lot in the rear of the building. The building is in excellent condition, professionally landscaped and well maintained. It is zoned B-2 (Highway Business Commercial). Owner will consider owner financing to a credit worthy buyer.

Updated February 24, 2023

100% Occupied, leased to 10 National, and Local tenants.

Listing agent: Bryan Pigeon

Cell#985)789-1816, Email: bryan.commercialprops@gmail.com

To be built office building at the Fontainbleau Drive entrance to Beau Chene Country Club, New Orleans's largest gated residential development. The proposed office condo is the last available unit of five. The proposed building A/B shown on the site plan will be combined for a larger square footage up to 10,100 SF and a parking lot addition in front of Building A. This building may be subdivided.

Ritter Maher Architects and Meridien Development are constructing each building to suit the needs of its owner or pre-leased Tenant. Purchase of a unit comes with a corporate membership to Beau Chene Country Club, ask agent for more details.

This 2.6 acre professional office site has direct access to over 1,500 households in Beau Chene Subdivision and over 33,000 households within 15 minutes of the development.