For Sale
$690,000

633 Asbury DrMandeville, LA 70471

Multi-tenant office building, great investment!

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-story, Class B office building presents a compelling investment opportunity in the thriving Mandeville, Louisiana market. Located at 633 Asbury Dr, 70471, this centrally located property boasts 4,000 square feet of total space, with 3,735 square feet of net rentable area. Currently at 50% occupancy, the building offers significant upside potential for increased revenue. Built in 2004, the building sits on a 9,000 square foot lot and comprises four individual units, suitable for a variety of uses including executive, medical, and traditional office spaces. The asking price is $690,000, translating to a price per square foot of $172.50. The property is offered as a Triple Net (NNN) lease, making it an attractive option for investors seeking a low-maintenance investment. This multi-tenant building is ideal for both investors seeking a strong return and owner-occupants looking to establish a presence in a desirable location. The building's versatile layout and prime location in St. Tammany Parish make it a highly sought-after property. Don't miss this chance to acquire a well-maintained, income-producing asset in a rapidly growing area.

Property Details for 633 Asbury Dr

Property type
Office properties, Medical offices
Square Feet
4,000 SF
Class
B
Year Built
2004
Buildings
1
Stories
2
Units
4

Location Insight

City
Mandeville
County
St. Tammany Parish
State
Louisiana
Latitude
30.397110839366
Longitude
-90.084719191981
633 Asbury Dr, Mandeville, Louisiana

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633 Asbury Dr
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