292.6

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292.6

Madisonville, LA 70447
Asking Price
$552K
Asset Type
Land
Class
Class B

What's Special

Located along Highway 21 in Madisonville, Louisiana, this land parcel occupies a developing corridor in western St. Tammany Parish. The surrounding neighborhood is characterized by a blend of established residential communities and growing commercial activity. The site offers proximity to local retail centers, medical facilities, and professional services situated along the main thoroughfare. Transportation access is provided via Highway 21, which serves as a primary arterial route connecting Madisonville to Covington and providing an indirect link to the Interstate 12 interchange. The property is suited for commercial development, including retail storefronts, professional office buildings, or medical suites. Its positioning makes it an appropriate choice for developers or owner-occupants seeking to establish a presence in a high-visibility suburban market. Typical tenant profiles for finished space at this location include regional service providers, local retail operators, and healthcare professionals aiming to serve the growing residential population of western St. Tammany Parish.

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NOI
$80,000
Cap Rate
14.49%
DSCR
2.44
Strong
Cash-on-Cash
28.52%
Monthly Payment
$2,730.995
Annual Cash Flow
$47,228.062

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