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    70496 Highway 21 Covington, LA 70433

    For Lease
    $30 SF/Yr ($5,580 /Mo)

    New 2,232 SF Retail Space, St. Tammany

    Lot size:
    2,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,232-square-foot retail space is situated in a brand-new, single-tenant building located on Highway 21 in St. Tammany Parish. The property boasts a prominent location on the left side of the highway, offering excellent visibility and accessibility for potential customers. The building itself is a one-story structure, part of a larger strip center, and sits on a sizable 1.47-acre lot. The entire space is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a high-traffic location with strong signage opportunities. Tenants will benefit from access to both a monument sign and building signage, ensuring maximum brand visibility. For qualified tenants, the landlord is offering a tenant improvement (TI) allowance as an incentive for a five-year lease agreement. This is an ideal space for a business looking to establish a strong presence in a thriving area. The property is categorized as a single-tenant, anchored strip center, offering a standalone retail experience with the benefits of shared visibility within a larger commercial development. The property's size and location make it suitable for a variety of retail businesses. Contact us today to learn more about this exciting opportunity.

    Property Features for 70496 Highway 21

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,232 SF
    Total Rate
    5580

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 100
    Size
    2,232 SF
    Rate per SF
    $30

    HighLights

    • 2,232 SF retail space in a single‑tenant building.
    • Located in a 1.47‑acre lot in St. Tammany Parish.
    • Brand new construction, currently vacant.
    • Highway 21 frontage with monument and building signage opportunities.
    • Landlord offering tenant improvement allowance with a 5‑year lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

    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
    -90.1307797
    Latitude
    30.4587407

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    FAQs

    What type of property is this?
    Retail property - New 2,232 SF Retail Space, St. Tammany
    Where is this retail property located?
    The property is located at 70496 Highway 21 Covington, LA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 2,232 SF retail space in a single-tenant building.; Located in a 1.47-acre lot in St. Tammany Parish.; Brand new construction, currently vacant.
    Request Owner's contact information
    70496 Highway 21 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
    70496 Highway 21 Covington, LA 70433
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