Covington Centre Building

Office for Sale
Catylist Listing ID: 30731045
Property Subtypes: Office Building
Building Size (RSF): 41,095 SF
Gross Building Area: See Agent
Gross Land Area: 3.64 Acres
Sale Price: $4,100,000
Unit Price: $99.77 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Last Updated: 6/17/2021

Overview / Comments

Located in the Historic District of downtown Covington, this office building is adjacent to the Tammany Trace and in walking distance to most downtown Covington attractions.

The subject property is well-appointed and in immaculate condition. Its floorplan can accommodate a wide array of office users given the number of private and open areas throughout. Of note is its 850 SF data center closet, complete with separate HVAC service.

Potential Sale & Lease Scenarios
1)For Sale: Seller leases back a portion of the subject property
2)For Sale: Timing contingent on Seller's relocation
3)For Lease: Property is subdivided to Tenant's desired footprint
4)For Lease: Tenant leases entire property, timing of occupancy contingent on Landlord's relocation

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Zoning: CBD (COMMUNITY BUSINESS DISTRICT) W/ MU (MIXED-USE) OVERLAY
Area Description: Located on Covington Centre, minutes from N. Collins Blvd./US HWY 190. Covington Centre is a private street that runs along the south side of the property. This places the property about 3.5 miles north of I-12, inside Covington corporate limits, and a quick walk to all the offerings of downtown Covington. Subject property abuts the Tammany Trace, a popular walking/biking trail linking Covington to Abita Springs.
Number of Stories: 1
Year Built: 1970
Year Renovated: 1996
Total Parking Spaces: 194

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,752 26,954 56,383
Median Age: 40.95 39.02 39.84
Households: 749 10,588 21,467

Contact

Photograph of Listing Agent

Ryan Pearce

NAI/Latter & Blum Commercial New Orleans New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Paul G Richard

NAI/Latter & Blum Commercial New Orleans New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Elizabeth Novit

Latter & Blum Holding Company New Orleans, LA 70130
LACDB Member
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