Highway 59 - 95 acres on Hwy 59, Mandeville, LA

95 Acres of Industrial Land Offered at $14,213,313 CAD in Mandeville, LA 70471

INVESTMENT HIGHLIGHTS

  • 95 acres of vacant land
  • Land borders the St. Tammany Parish Trace
  • 700 feet of Hwy 59 frontage
  • I-2 Industrial

EXECUTIVE SUMMARY

Large tract of land located just north of I-12 with frontage on Highway 59 centrally located between I-55 and I-59 along the growing I-10/I-12 corridor, adjacent to the south side of Alamosa Business Park and to the north side of St. Tammany Parish Government Complex.
Property available in 15 to 95 acre parcels or other configuration with sellers' approval. Land encompasses both sides (east and west) of the Tammany Trace. There are 29.5 acres on the east side of the Tammany Trace, with 701 feet of frontage on Highway 59. The property on the west side of the Tammany Trace is 65.48 acres. Current zoning of the property is I-2 Industrial, however, the frontage on Hwy 59 has potential to be zoned as HC2.
Property offered as follows:
Parcels 1A & 2A +/- 15 acres at $5 PSF ($1,524,600 - $3,267,000.00)
Parcels 1B & 2B +/- 14.5 acres at $3.50 PSF ($2,210,670)
Parcels 3, 4, & 5 totaling +/- 65.481 acres at $2.25 ($6,417,792.81).
If all 5 tracts are sold together under one contract, the pricing for +/- 95 acres at $2.40 PSF ($9,923,142).
If only Tracts 1 & 2 are sold, the Purchase Agreement must contain provisions for a constructed public roadway dead ending at the Seller's proposed Trace Crossing.

PROPERTY FACTS

Price $14,213,313 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use Industrial
Total Lot Size 95.00 AC
Cross Streets Strain Road & Hwy 59

1 LOT AVAILABLE

Lot 1-5

Price $14,213,313 CAD
Price Per AC $149,613.83 CAD
Lot Size 95.00 AC

Large tract of land just north of I-12 with frontage on Highway 59. Adjacent to south side of Alamosa Park. Property available in 15 to 95 acre parcels or other configuration with sellers' approval.

DESCRIPTION

Large tract of land located just north of I-12 with frontage on Highway 59 centrally located between I-55 and I-59 along the growing I-10/I-12 corridor, adjacent to the south side of Alamosa Business Park and to the north side of St. Tammany Parish Government Complex. This parcel can be purchased as a 95-acre parcel or could be split with the sellers' approval. Land encompasses both sides (east and west) of the Tammany Trace. There are 29.5 acres on the east side of the Tammany Trace. 1300 feet of frontage on Highway 59. The property on the west side of the Tammany Trace is 65.48 acres. Current zoning of the property is I-2 Industrial, however, the frontage on Hwy 59 has potential to be zoned as HC2. • 1300 feet of frontage on Highway 59 • Zoned I-2 Industrial, potential for HC2 • Located in industrial/commercial corridor of Highway 59

PROPERTY TAXES

ZONING

Zoning Code I-2 (Heavy Industrial)
  • Listing ID: 28753173

  • Date on Market: 2023-06-14

  • Last Updated:

  • Address: Highway 59, Mandeville, LA 70471