20127 La-36 Covington, LA 70433
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.