629 Hwy Covington, LA 70433
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.