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Multi-Building Mixed-Use Property
For Sale
$1,500,000

121 N Polk Street, Covington, LA 70433

The assemblage combines retail, warehouse or storage space, a two-bedroom house, and a vacant commercial parcel.

Property Size1,060 SF
Price / SF$1,415
Days on Market110

Property Features for 121 N Polk Street

General Information

Standard status Active
Size 1,060 SF
Property subtype Commercial
Zoning NC

Site & Location

Corner Location Yes
Mixed-Use Components retail, warehouse, residential/office

Building Details

Building Size 1,060 SF
Year Built 1935
Buildings 3
Stories 1
Listing Agency: Cypress Key Realty LLC
Listed By: Christopher Romero
Source: Cypresskeyrealty
Added: Jul 7 Changed: Oct 23 Last Checked: Oct 23 at 3:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cypress Key Realty LLC

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Investment Insights

Based on property information with market context.

Four parcels at 103 and 111 N. Polk Street, 121 N. Polk Street, and 809 W. 22nd Street are offered together. The assemblage includes a warehouse and storage building, a retail building with approximately 2,906 square feet, and a two-bedroom, one-bath house that may serve residential or professional office use. A vacant commercial lot is also part of the sale.

The three improved parcels carry Neighborhood Commercial zoning; the vacant parcel is zoned Commercial. The retail building is operating, and the seller is willing to lease it back for up to 12 months following closing. The sale includes the real estate only, not the operating business, and the parcels cannot be purchased separately.

Key Highlights

  • Four parcels must be acquired together; the seller will not separate them
  • Retail building contains approximately 2,906 square feet and is operating
  • Seller will lease back the retail building for up to 12 months after closing

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Tanning Salon Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,052
Businesses Nearby

Demographics for 70433, LA

41,423
Population
18,712
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
48.7 sq mi
ZIP Area
851
Density / Sq Mi
$79,354
Median Household Income
$47,406
Median Earnings
$1,373
Median Rent
$316,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The assemblage combines retail, warehouse or storage space, a two-bedroom house, and a vacant commercial parcel.
Where is this mixed-use property located?
The property is located at 121 N Polk Street Covington, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four parcels must be acquired together; the seller will not separate them; Retail building contains approximately 2,906 square feet and is operating; Seller will lease back the retail building for up to 12 months after closing
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