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    351 Holiday Dr Covington, LA 70433

    For Sale
    $2,143,000

    High-Yield Government Lease, Excellent Location

    Property size:
    15,682 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 15,682 square foot commercial building presents a compelling investment opportunity in Covington, Louisiana. Situated on a 1.3-acre lot, the property enjoys a prime location just off Highway 190 and I-12, ensuring high visibility and convenient access. Currently leased to a government tenant, this property offers a secure and stable income stream. The tenant has a long-standing history at this location, having recently renewed their lease for another five years, with the next renewal date in mid-2026. This provides significant lease stability and predictable cash flow for the investor. The building itself offers ample space, suitable for a variety of commercial uses, given its current configuration. The 8% capitalization rate further underscores the strong return on investment potential. This is a rare opportunity to acquire a well-located, government-leased commercial property with a proven track record of consistent occupancy and a substantial remaining lease term. The property's strategic location near major transportation arteries makes it highly attractive for both the current tenant and future potential occupants. This turnkey investment offers a blend of security, profitability, and long-term growth potential. Serious inquiries are encouraged.

    Property Features for 351 Holiday Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    15,682 SF
    Lot Size
    56,628 SF

    Building Details

    Year Built
    2000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.09107
    Latitude
    30.43762

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Government Lease, Excellent Location
    Where is this commercial real estate located?
    The property is located at 351 Holiday Dr Covington, LA.
    What is the asking price?
    The asking price for this property is $2,143,000.
    (985) 259-4605
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    351 Holiday Dr Covington, LA 70433
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    351 Holiday Dr Covington, LA 70433
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