Covington, LA Retail Property For Sale

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Office for Sale

Covington, LA 70433

June 16, 2022, now 100% leased!

OWNERSHIP WILL CARRY $1,500,000.00

BUYER TO BRING TO TABLE $1,795,000.00

ALL CASH OFFERS ONLY.

Great Hwy. 190 Site

Currently has 7 income tenants, all just recently signing 3-5 year leases. Every tenant had extensive, brand new build out, all air conditioned spaces, that were built out as requested. All new Hvac systems, electrical new, plumbing new for each tenants, along with new stucco front, and new Copper overhang.

Buyer has 6500 sf. to work with for their business.

Ideal for Doctors.

Base Rents average $9.00 psf. plus cam.

22,000 sf. leased

100%.

Parking in rear and front, and side of building.

Retail for Sale

Covington, LA 70433

Current tenant is a paintless dent repair shop. The building was built and operated as a fast food chicken restaurant with a drive-thru.

Retail for Sale

Covington, LA 70433

The property being sold is the lease-hold improvements (building, decks, parking) of an existing restaurant. The main restaurant building is 1920 SF with an additional 1700 SF of decks and gazebo. It was constructed in 2018. The sales price includes all furniture, fixtures and equipment (FF&E). The land, 3.093 acres, is leased and the lease is assignable. The property has frontage on the Bogue Falaya River and the Corp of Engineers has issued a permit to build a path to the river and a 10 X 50' dock. The permit is valid until 11/20/2024 and it also is assignable. The owner is not selling the business but only the assets. He is selling to focus on his out of state restaurants'.

Retail for Sale

Covington, LA 70433

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.

Retail for Sale

Covington, LA 70433

Drive-thru restaurant available for sale or lease

Building Size: +/- 3,681 SF

Land Area: +/- 1.189 Acres

Flood Zone: X

Lease Price: TBD

Sale Price: $1,750,000.00

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