Port Marigny

Vacant Land for Sale
Catylist Listing ID: 30671951
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail
Gross Land Area: 77 Acres
Sale Price: $16,000,000
Unit Price: $207,792 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

Port Marigny represents the last large tract of lakefront property in Mandeville. This incredible development opportunity has reached approval for its density and site concept. Consisting of +/-77 Total Acres, over 5,000' linear feet of waterfront, roughly 1292' linear feet along Monroe St and secondary access off of Massena St. the Port Marigny development site has a wide range of possibilities.

The Port Marigny Development concept gained approval for increased density allowing to hold single family, multi-family and commercial structures. Conceptual Plans & renderings demonstrate the potential of what could be developed on the property in the future development and are available upon request.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 1140292265
Property Visibility: Excellent
Legal Description: 76.648 acres being Lots 14, 15, 16, 17, 18, 20, 21 and a portion of Lot 19, Parcels A & B, and a portion of Kleber Street in Sections 46 and 47, Township 8 South, Range 11 East, City of Mandeville, St Tammany Parish, State of Louisiana
Largest Nearby Street: Monroe St
Feet of Frontage: 1,293
Area Description: Mandeville holds the Lakefront community of West St, Tammany Parish and boast high quality schools, incredible quality of life including the Trace Rails to Trails system and the public Old Mandeville Lakefront, direct connectivity to New Orleans and a strong local business economy. St. Tammany’s low business cost, nationally recognized school system, and first-rate medical facilities make the community a destination of choice for businesses of every size. As the fifth most populous parish in the state and one of the FASTEST-GROWING PARISHES, St. Tammany’s upscale amenities, active community, and expansive green spaces offer wide-ranging, diverse opportunities for companies in any industry. The entire parish is renowned by outdoor enthusiasts, gourmands, golfers, and art-lovers for its versatility and charm. As part of the Greater New Orleans Region —St. Tammany offers a healthy and cost-effective climate for conducting business. As part of Greater New Orleans, St. Tammany was named the #1 MOST IMPROVED METRO in the USA by Wall Street Journal, and in “Competitive Alternatives 2016,” KPMG ranked Greater New Orleans #4 in its list of metro-areas with the LOWEST BUSINESS COSTS IN THE SOUTHEAST. Area Development magazine ranked Louisiana the #5 TOP STATE FOR DOING BUSINESS, the #2 top state in leading workforce development programs, and the #2 TOP STATE IN BUSINESS INCENTIVE PROGRAMS.
Zoning Description: The purpose of the Planned District shall be to provide for an improved level of aesthetics, safety and environmental sensitivity and design flexibility in conjunction with a site plan review procedure for the approval of residential, commercial, industrial or a combination of these uses on one unified development site by ordinance of the City Council subsequent to the recommendation of the Planning Commission. Development sites approved by ordinance under the site plan review procedures of a Planned District shall be approved as a Planned Residential District (PRD), a Planned Commercial District (PCD), a Planned Industrial District (PID) or a Planned Combined Use District (PCUD) in accordance with the classification of use or uses proposed and/or existing. Planned District applications shall contain a statement by the developer as to how the submitted plan departs from the existing requirements of this Land Use Regulations Ordinance and any other regulations applicable to the proposed use or uses for the district in which the proposed use could be established of right and how each departure improves what otherwise would be required under these regulations.
Development Name: Port Marigny
In Flood Plain?: Yes
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,392 30,797 48,946
Median Age: 41.82 40.81 40.83
Households: 2,222 11,733 18,196


Photograph of Listing Agent

Bradley Cook, MS, CCIM

Stirling Properties
Covington, LA
LACDB Member
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