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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

629 Hwy Covington, LA 70433

5,814 SF
Property ID
Property summary
AI-generated overview

This exceptional restaurant opportunity is located at 629 U.S. Hwy 190 in Covington, Louisiana, within St. Tammany Parish, zip code 70433. The property boasts 5,814 square feet of space, currently owner-occupied, and is offered at an asking price of $2,300,000 ($395.60 per square foot). The building features a very attractive exterior and interior, making it visually appealing to customers. Its prime location offers excellent highway frontage with convenient access to Interstate highways, ensuring high visibility and accessibility. A large parking lot provides ample space for patrons. The sale includes the building and all existing equipment, representing a turnkey operation. The property is available for occupancy starting February 29, 2024. This is a single-tenancy retail property ideal for an owner/user seeking a well-established restaurant in a high-traffic area. The property's location on US Highway 190 in Covington, LA offers significant potential for continued success.

Property profile
Verified
Property type Retail properties & Spaces
Total area 5,814 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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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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