Property profile

1957 Collins Blvd Covington, LA 70433

OFF-MARKET
Commercial real estate
Property ID
US36-1452069
7,714 SF 1.7 ac lot Built 2008
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 9,074 square foot commercial property, located at 1957 Collins Boulevard in Covington, Louisiana, presents a unique investment opportunity. Situated on a spacious 1.7-acre lot, this building boasts a prime location with convenient access to major roadways including the Causeway, I-10, I-12, I-59, and I-55, ensuring high visibility and accessibility. The property is zoned CR (Regional Commercial District) and benefits from a high traffic count. The building itself offers 8,714 square feet of usable space, divided into 6,544 square feet on the ground floor and 2,170 square feet upstairs. Currently configured as a turn-key restaurant, it features a recently installed (2 years ago) new sewer treatment system, ensuring efficient and compliant operations. Recent upgrades include a new metal roof and windows, enhancing both the building's aesthetics and energy efficiency. The ample 1.7-acre lot provides extensive parking and open space, further complemented by a circular driveway facilitating easy access for deliveries. The property is also available for lease at a monthly rate of $7,200. This versatile property is ideal for a variety of commercial uses and presents a compelling opportunity for both owner-operators and investors. Serious offers are being considered.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Total area 7,714 SF
Lot 1.7 ac (74,052 SF)
APN 20933
UPID US36-1452069

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Big Box & Wholesale Store

Location

1957 Collins Blvd Covington, LA 70433-5669
Covington metro Census 40205 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$665k
Blend (final) Blend
$665k

Owner & transaction history

since 2021
Last sale
$775,000
2 recorded transactions
2021
Price N/A
2011
$450,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1957 Collins Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message