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3000-3063 E Causeway Approach
Mandeville, LA 70448
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fee Simple Sale
- Shadow-anchored by Walmart Grocery
- Value-Add opportunity
- Located on a busy signalized intersection with excellent visibility
EXECUTIVE SUMMARY
Incredible value add investment opportunity in the heart of Mandeville. Mandeville Square is an 19,946 square foot retail center located on the corner of highway 190 and East Causeway Approach in Mandeville, Louisiana. The center is situated on approximately 2.5 acres and is shadow anchored by a Walmart Neighborhood Grocer. The location, access and nearby demographics highlight its strong potential for future value.
VALUE ADD OPPORTUNITY:
The current tenancy for the center includes: Albasha Express, Subway, Town Crier, O-Wheelies, and Walmart (Neighborhood Walmart not a part).
VALUE ADD OPPORTUNITY:
The current tenancy for the center includes: Albasha Express, Subway, Town Crier, O-Wheelies, and Walmart (Neighborhood Walmart not a part).
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,946 SF
Building Class
B
Year Built
1980
Price
$2,500,000
Price Per SF
$125.34
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.50 AC
Zoning
B-2 - Highway Business District
Parking
126 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
929’ on E Causeway Approch Hwy
AMENITIES
- Dedicated Turn Lane
- Signage
PROPERTY TAXES
| Parcel Number | 61744 | Improvements Assessment | $161,469 |
| Land Assessment | $0 | Total Assessment | $161,469 |
PROPERTY TAXES
Parcel Number
61744
Land Assessment
$0
Improvements Assessment
$161,469
Total Assessment
$161,469
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