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    7497 Pinnacle Pkwy Covington, LA 70433

    For Sale
    $3,500,000

    High-traffic restaurant space near Costco.

    Property size:
    7,739 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 7,739 square foot restaurant space, formerly a Saltgrass Steakhouse, is available for $3,500,000 ($452.25/sq ft). Ideally situated in Covington, Louisiana, at 7497 Pinnacle Pkwy, zip code 70433, this property boasts exceptional visibility due to its location between two I-12 interchanges. The site benefits from strong anchor tenants including a soon-to-open 159,000 square foot Costco, Kohl's, Hobby Lobby, Academy Sports, Petco, Olive Garden, Texas Roadhouse, and Cracker Barrel, all within a nearby retail center. Across the street sits a Mercedes-Benz dealership, further enhancing the area's high-traffic volume and upscale appeal. This rapidly developing commercial corridor presents a unique opportunity for a restaurant seeking a high-visibility location with significant foot and vehicle traffic. The property's strategic placement ensures easy access and high exposure to potential customers. This is an exceptional investment opportunity in a thriving commercial area.

    Property Features for 7497 Pinnacle Pkwy

    General Information

    Property type
    Restaurants
    Square Feet
    7,739 SF

    HighLights

    • 7,739 SF restaurant space available for $3,500,000 ($452.25/SF).
    • High visibility location between two I‑12 interchanges in Covington, LA (70433).
    • Strong anchor tenants including Costco, Kohl's, Hobby Lobby, and others in a nearby retail center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -90.126780551136
    Latitude
    30.443820981679

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    FAQs

    What type of property is this?
    Restaurant - High-traffic restaurant space near Costco.
    Where is this restaurant located?
    The property is located at 7497 Pinnacle Pkwy Covington, LA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 7,739 SF restaurant space available for $3,500,000 ($452.25/SF).; High visibility location between two I-12 interchanges in Covington, LA (70433).; Strong anchor tenants including Costco, Kohl's, Hobby Lobby, and others in a nearby retail center.
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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
    7497 Pinnacle Pkwy Covington, LA 70433
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