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Property profile & analytics
OFF-MARKET
Specialty properties

20127 La-36 Covington, LA 70433

3,141 SF 1.7 ac lot Built 1980
Property ID
Property summary
AI-generated overview

This exceptional 3,141 square foot mixed-use property, located at 20127 Highway 36 in Covington, Louisiana, presents a unique investment opportunity. Situated on a spacious 1.7-acre lot, fully enclosed by a wooden fence, this single-story building offers versatile potential. Built in 1980, the property boasts a newly installed roof and is zoned NC-2, allowing for a variety of uses including creative office space, traditional office, school, or even senior living, subject to local permitting. The main building features an open floor plan (35 x 27 feet) ideal for a reception area, office space, or living area, flowing into an oversized kitchen and laundry area. Three additional rooms, along with a full bathroom, offer flexibility for bedrooms, offices, or other uses. Three half-bathrooms are also included. The property's convenient location directly off Highway 36 provides excellent visibility and accessibility. This property is priced at $415,000 and offers significant potential for a variety of uses. The property's versatility and prime location make it an attractive investment opportunity.

Property profile
Verified
Property type Specialty properties
Year built 1980
Total area 3,141 SF
Lot 1.7 ac (74,052 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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