1.26

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1.26

Covington, LA 70433-1611
Asking Price
$775K
Asset Type
Land
Class
Class B

What's Special

This 1.26-acre parcel is situated in Covington, Louisiana, positioned within a developing commercial corridor. The surrounding neighborhood features a mix of established professional offices, retail centers, and residential subdivisions. The property offers proximity to regional medical facilities and local dining amenities along major thoroughfares. Access to the site is provided via local roadways with swift connectivity to Highway 190 and Interstate 12, facilitating transit throughout the Northshore and the greater New Orleans metropolitan area. The site is well-suited for a variety of commercial applications, including professional office suites, medical clinics, or boutique retail storefronts. Due to its location near high-traffic intersections, the land is ideal for owner-occupants or developers looking to capitalize on the area's service-oriented economy. Typical tenant profiles for this location include healthcare providers, legal practices, and regional service firms requiring a central, accessible hub within St. Tammany Parish.

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NOI
$80,000
Cap Rate
10.32%
DSCR
1.74
Strong
Cash-on-Cash
14.62%
Monthly Payment
$3,834.277
Annual Cash Flow
$33,988.674

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