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    73015 La-25 Covington, LA 70435

    Sponsored
    For Lease
    $14 SF/Yr ($14,000 /Mo)

    Medical Office Suites Available in High-Traffic Area

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 73015 LA-25 in Covington, Louisiana, offers 12,000 square feet of space with multiple tenancy options. Currently, the center houses an Urgent Care facility, Subway, and PJ's Coffee, showcasing its appeal to a diverse range of businesses. Two spaces are immediately available, ranging from a minimum of 1,358 square feet to a maximum contiguous space of 1,495 square feet. A total of 2,853 square feet is currently vacant and ready for occupancy. The property is situated in a prime location at the northwest quadrant of the intersection of Highway 190 and Highway 25, a rapidly developing area of Covington. This high-visibility location benefits from significant traffic flow and proximity to numerous residential subdivisions, apartments, and established businesses including CVS, Walgreens, Winn-Dixie, and McDonald's. The lease terms are Net, Net, Net (NNN), with tenants responsible for their own utilities. This presents a unique opportunity for medical or other retail businesses seeking a well-positioned space within a thriving community in St. Tammany Parish, zip code 70435. Minimum divisible space is 1,358 square feet.

    Property Features for 73015 La-25

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Total Rate
    14000

    Unit(s) available at that property

    Space
    Suite B1
    Size
    1,358 SF
    Rate per SF
    $14
    Space
    Suite A1
    Size
    2,000 SF
    Rate per SF
    $19

    HighLights

    • 12,000 SF retail center in Covington, LA with multiple tenancy options.
    • Two vacant spaces available, 1,358 - 1,495 SF each (2,853 SF total).
    • High‑visibility location at Hwy 190 & Hwy 25 intersection, near major retailers and residential areas.
    • NNN lease terms.
    • Currently occupied by Urgent Care, Subway, and PJ's Coffee.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.1086721
    Latitude
    30.5008303

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    FAQs

    What type of property is this?
    Retail property - Medical Office Suites Available in High-Traffic Area
    Where is this retail property located?
    The property is located at 73015 La-25 Covington, LA.
    What is the lease rate?
    The lease rate is $14-$19 SF/Yr.
    What are key features of this property?
    This property features: 12,000 SF retail center in Covington, LA with multiple tenancy options.; Two vacant spaces available, 1,358 - 1,495 SF each (2,853 SF total).; High-visibility location at Hwy 190 & Hwy 25 intersection, near major retailers and residential areas.
    Request Owner's contact information
    73015 La-25 Covington, LA 70435
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    Covington, LA 70435
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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

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    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
    73015 La-25 Covington, LA 70435
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