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    2003 Ronald Reagan Hwy Covington, LA 70433

    Sponsored
    For Lease
    $11 SF/Yr ($3,549 /Mo)

    Two Suites Available, Hwy 190 Access

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-story, 3,600 square foot warehouse/office building in Covington, Louisiana offers two available suites ideal for a variety of businesses. Located off Ronald Reagan Highway (Highway 190 Bypass) in a CR-Commercial zoned area, this property provides convenient access to major transportation routes. The building features a total of two suites, each with a unique layout and amenities. Suite 5 boasts 900 square feet of warehouse space and 900 square feet of adaptable office, retail, or storefront space. This suite includes a 12x8 roll-up door, one bathroom, and three separate entrances, offering excellent flexibility for operations and customer access. Suite 6 comprises 1,200 square feet of warehouse space and 600 square feet of office, retail, or storefront space. This suite features a large front door, one bathroom, and an additional entrance. The maximum contiguous space available is 1,800 square feet. The property includes one drive-in bay for easy loading and unloading. The annual rent is $13.33 per square foot, plus $2.50 per square foot in NNN charges, resulting in a monthly rent of $2,375. This presents a compelling opportunity for businesses seeking a versatile and well-located warehouse/office space in St. Tammany Parish. The property is situated in a convenient location with easy highway access, making it an attractive option for businesses needing efficient logistics and a strong presence in the Covington area.

    Property Features for 2003 Ronald Reagan Hwy

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF
    Total Rate
    3549

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 5
    Size
    1,800 SF
    Rate per SF
    $11
    Space
    Suite 6
    Size
    1 SF
    Rate per SF
    $11

    HighLights

    • 3,600 SF warehouse/office building in Covington, LA.
    • Two suites available: 1,800 SF and 1,800 SF.
    • One‑story building with one drive‑in door.
    • Located off Ronald Reagan Highway (Hwy 190 Bypass), CR zoning.
    • $13.33 PSF annual rent + $2.50 PSF NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dauntless Athletic Gym Tiger Tint Window Tinting Service Infamous Athletics All ... Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.118368
    Latitude
    30.4929974

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    FAQs

    What type of property is this?
    Distribution property - Two Suites Available, Hwy 190 Access
    Where is this distribution property located?
    The property is located at 2003 Ronald Reagan Hwy Covington, LA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 3,600 SF warehouse/office building in Covington, LA.; Two suites available: 1,800 SF and 1,800 SF.; One-story building with one drive-in door.
    Request Owner's contact information
    2003 Ronald Reagan Hwy Covington, LA 70433
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    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
    2003 Ronald Reagan Hwy Covington, LA 70433
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