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56 Starbrush Cir Covington, LA 70433

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For Sale
$2,100,000

High-yield medical office with land.

Property size:
4,864 SF

Property Features for 56 Starbrush Cir

General Information

Property type
Other commercial real estate
Square Feet
4,864 SF

Building Details

Year Built
2010

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Listing Contact
Ron Patron

Listing Agent: Ron Patron

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This Covington, LA commercial property offers a lucrative investment opportunity. The main asset is a 4,064 square foot medical office building currently leased under a triple-net (NNN) lease, generating a stable monthly income of $9,526. This translates to a 7% capitalization rate based on the asking price of $2,100,000. Adding significant value to this offering are two adjacent vacant lots, identified as 50 Starbrush Circle (Lot 123) and 60 Starbrush Circle (Lot 121). These lots provide a combined 57,730 square feet of buildable land, presenting considerable potential for future development or expansion. The total square footage of the building and land is 4,864 square feet. The property's location in Covington, LA offers excellent access to a growing market and strong demographics. This package presents a rare opportunity to acquire a cash-flowing medical office building with substantial land for future development, all priced for a quick sale. The address is 56 Starbrush Circle, Covington, LA. Serious inquiries only.
Location Intelligence

Current Use by Public Records

Dr. Janine S. ... Physician Spencer W Pinion Pediatrician Devan Guidry Szczepanski Physician Catherine Bordelon Fussell Pediatrician Tchefuncte Health and Wellness Pediatrician

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Covington
County
St Tammany
State
Louisiana
Longitude
-90.12054
Latitude
30.46453

FAQs

What type of property is this?
Commercial real estate - High-yield medical office with land.
Where is this commercial real estate located?
The property is located at 56 Starbrush Cir Covington, LA.
What is the asking price?
The asking price for this property is $2,100,000.
More about this property
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