Office Building
Office
for Sale
| Catylist Listing ID: |
30169041 |
| Property Subtypes: |
Governmental, Office Building
|
| Building Size (RSF): |
7,648 SF
|
| Gross Building Area: |
7,472 SF |
| Gross Land Area: |
28,800 SF
|
| Sale Price: |
$775,000 |
| Unit Price: |
$101.33 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Class of Space: |
Class B |
| Sale Terms: |
Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/22/2022 |
Overview / Comments
|
This well-built brick office building is set 2 blocks off Hwy 190 just south of downtown Covington. Initially built and used for government offices, it has been home to a large non-profit organization for the last 5 years. Enjoy the quiet surroundings and minimal traffic just off Hwy 190. The spaces consist of multiple offices and a large conference room or shared workspace, as-is, or redesign the floor plan to fit your company’s needs.
|
Financials
| Finance Data Year |
2016 |
| Real Estate Taxes - Annual($) |
$12,312 (Annual) |
| Gross Operating Income |
$63,660 (Annual) |
| Net Operating Income |
$46,390 (Annual) |
| Actual or Proforma Year |
Actual |
Current Tenants
| Tenant Business Name |
Tenant |
| Is Renting? |
Yes |
| Annual Revenue |
$63,660 (Annual) |
| SF of Space Occupied |
4,100 SF |
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Saint Tammany |
| Tax ID/APN: |
f0806fa1-caaa-42c6-bcde-14e170d733d2 |
| Zoning: |
NC-4 NEIGHBORHOOD INSTITUTIONAL |
| Highway Access: |
U.S. Highway 190 |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Roof Type: |
Hip |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Total Parking Spaces: |
35 |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,623 |
27,279 |
47,175 |
| Median Age: |
40.98 |
39.26 |
40.8 |
| Households: |
1,100 |
10,732 |
18,257 |
|
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