Retail-Commercial for Sale
Catylist Listing ID: 22008436
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 5,200 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $129.81 PSF
Ceiling: 25 ft.
Property Use Type: Investment, Business
Building Name: Collins
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/5/2022

Overview / Comments

Great location, Covington, LA. Located on corner of McGee, this 5,200 sq. ft.+- warehouse is located on a busy highway.190 (Collins Blvd.) 9 Yr Young +- building is in great shape with central air and heat, spray foam insulation ceilings and walls. Corner location offers access and parking front and side. Roll up doors (2) on front and (1)on side. there are 2 bathrooms. Owner may consider Owner Financing-Bond For Deed, 20% down, 20 year amortization, 61/2 % interest for an excitable prospect. Property currently leased through 10/2022 with an option to extend or 6 months.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Market Type: Medium
Retail Clientele: General, Business
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: McGee
Feet of Frontage: 134
Transportation: Highway
Highway Access: Approx.3-4 miles to I-12 interstate
Airports: 55 minutes+- to New Orleans Airport
Site Description: Great corner lot- access from front or side. 3 (10X12) Roll up doors,2 in front and 1 on the side. Property is zoned L-1 (light Industial) in city of Covington. Has many uses.
Area Description: Area of many types of commercial and retail-great traffic flow
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,200 SF
Property Condition: Good
Construction/Siding: Metal Siding
Exterior Description: Very nice steel building-full foam insulated, heated and air conditioned warehouse. Roll up doors (2) in front and (1)on the side
Parking Type: Surface
Parking Description: Front and side and rear
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Fully foam insulated ceilings and walls-very low utilities, two baths, 3 A/C systems. Open warehouse,2 baths, no office
Zoning Description: Believed city of Covington LA L-1 which permits many commercial uses for retail, service businesses, etc. This information should be verified for each intended use(s) by the prospective tenant with the city of Covington LA
Lot Frontage: 134
Lot Depth: 192
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,334 19,574 50,975
Median Age: 33 40.22 39.24
Households: 1,293 7,783 19,421


Photograph of Listing Agent

Joseph W Carroll

Latter & Blum Inc Mandeville Mandeville, LA 70471
LACDB Member
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