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    1910-1926 Washington St. / Hwy 10 Franklinton, LA 70438

    Sponsored
    For Lease
    $6 SF/Yr

    High-traffic location, multiple units available

    Lot size:
    93,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Eastgate Shopping Center, located at 1910-1926 Washington St. / Hwy. 10 in Franklinton, Louisiana (zip code 70438), presents a compelling retail investment opportunity. This established community center boasts a total of 93,000 square feet, situated on a 10-acre lot in Washington County's Covington submarket. The property features a mix of uses including auto repair, community center, and strip center components. Currently, there are 6 spaces available, ranging from 3,240 square feet to a maximum contiguous space of 28,445 square feet, with a total of 63,125 square feet currently vacant. The center benefits from strong anchor tenants, including Dirt Cheap, Salvage Grocery, and Dollar General, ensuring consistent foot traffic. Its prime location along Washington Street/Highway 10 provides excellent visibility and accessibility. The property underwent renovations in 2018. This is an exceptional opportunity to establish or expand your business in a thriving community. The property is conveniently located in the Covington, LA submarket, offering easy access to a large customer base. The minimum divisible space is 3,240 square feet.

    Property Features for 1910-1926 Washington St. / Hwy 10

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,000 SF
    Total Rate
    46500

    Building Details

    Year Renovated
    2018

    Unit(s) available at that property

    Space
    1914 Washington Suite E
    Size
    6,000 SF
    Rate per SF
    $10
    Space
    1924 Washington Suite H
    Size
    6,240 SF
    Rate per SF
    $10
    Space
    1910 Washington Suite B
    Size
    3,240 SF
    Rate per SF
    $14
    Space
    1904 Washington Suite A2
    Size
    4,200 SF
    Rate per SF
    $10
    Space
    1912 Washington Suite D
    Size
    15,000 SF
    Rate per SF
    $9
    Space
    1908 Suite B
    Size
    28,445 SF
    Rate per SF
    $6

    HighLights

    • Established neighborhood center anchored by Dollar General.
    • 28,000 SF and 15,000 SF anchor spaces available.
    • Franklinton, LA, Washington Parish seat.
    • Located 61 miles north of New Orleans.
    • High visibility on Highway 10/Washington St.
    • Highly visible pylon signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Franklinton
    County
    Washington
    State
    Louisiana
    Longitude
    -90.1397672
    Latitude
    30.8455068

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic location, multiple units available
    Where is this neighborhood center located?
    The property is located at 1910-1926 Washington St. / Hwy 10 Franklinton, LA.
    What is the lease rate?
    The lease rate is $6-$14 SF/Yr.
    What are key features of this property?
    This property features: Established neighborhood center anchored by Dollar General.; 28,000 SF and 15,000 SF anchor spaces available.; Franklinton, LA, Washington Parish seat.
    Request Owner's contact information
    1910-1926 Washington St. / Hwy 10 Franklinton, LA 70438
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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
    1910-1926 Washington St. / Hwy 10 Franklinton, LA 70438
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