315 US 190 -

Retail-Commercial for Sale
Catylist Listing ID: 30341914
Property Subtypes: Restaurant
Building Size (RSF): 5,434 SF
Gross Building Area: See Agent
Sale Price: $1,459,000
Unit Price: $268.49 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2019

Overview / Comments

Very well located building. Premier location in Cov,& it's position within the Holiday Square Shopping Center positively impacts it's marketability. Excellent exposure to Highway 190 & excellent proximity to Interstate 12. Situated at the northwest quadrant of Highway 190 & Interstate 12. The development is an established retail node in Cov. with several high-credit retailers including I-HOP, 2nd & Charles, Movie Tavern, Honda of Covington, Kia, Hilton Garden Inn, Homewood Suites, Office Depot and others.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 148902
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Movie Tavern Theater and Shopping Mall with Gym Facilities
Largest Nearby Street: I-12
Feet of Frontage: 200
Traffic/Vehicle Count: 61,490
Highway Access: HWY 190
Airports: New Orleans and Baton Rouge
Site Description: Former Applebee'e restaurant. This is an all brick building with ample windows and lighting with a large seating capacity, bar area, complete kitchen, bathroom facilities and is ADA compliant.
Area Description: This is a very well located building. The site is one of the premier locations in Covington, and it's position within the Holiday Square Shopping Center positively impacts it's marketability. It has excellent exposure to Highway 190 and excellent proximity to Interstate 12. The Holiday Square Shopping Center is situated at the northwest quadrant of Highway 190 and Interstate 12. The development is an established retail node in Covington with several high‐credit retailers including I‐HOP, 2nd & Charles, Movie Tavern, Honda of Covington, Kia, Hilton Garden Inn, Homewood Suites, Office Depot and others.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Construction/Siding: Brick
Exterior Description: All brick with ample lighting and windows, Convenient parking and entrance.
Total Parking Spaces: 73
Parking Type: Surface
Parking Description: On site - 73 spaces including handicap
Interior Description: The interior space features carpet floors, exposed brick masonry columns, painted gypsum board walls, and acoustic tile ceilings. The kitchen features tile floors, gypsum board walls, and acoustic tile ceilings. There is also a 285‐square foot cooler and freezer combo within the kitchen.
Zoning Description: Situated in a HC‐3, Highway Commercial District. Municipal the purpose of the HC‐ 3 District is 'to provide for the location of larger‐scale, heavy commercial retail, office and service uses with primary accesses being collectors constructed for the development or arterials roadways.
Lot Frontage: 200
Lot Depth: 231
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: .9874 ACS M/L SEC 15 7 11 CB 1395 865 CB 1431 247 CB 1527 386 INST NO 881402 CB 1556 19 INST NO 1219113 INST NO 1822292

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,221 34,393 76,902
Median Age: 37.98 41.51 39.96
Households: 3,817 13,124 29,050

Contact

Photograph of Listing Agent

Nick LaRocca

Keller Williams Realty Services
Mandeville, LA
LACDB Member
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