1910-1926 Washington St. / Hwy 10 Franklinton, LA 70438
Eastgate Shopping Center, located at 1910-1926 Washington St. / Hwy. 10 in Franklinton, Louisiana (zip code 70438), presents a compelling retail investment opportunity. This established community center boasts a total of 93,000 square feet, situated on a 10-acre lot in Washington County's Covington submarket. The property features a mix of uses including auto repair, community center, and strip center components. Currently, there are 6 spaces available, ranging from 3,240 square feet to a maximum contiguous space of 28,445 square feet, with a total of 63,125 square feet currently vacant. The center benefits from strong anchor tenants, including Dirt Cheap, Salvage Grocery, and Dollar General, ensuring consistent foot traffic. Its prime location along Washington Street/Highway 10 provides excellent visibility and accessibility. The property underwent renovations in 2018. This is an exceptional opportunity to establish or expand your business in a thriving community. The property is conveniently located in the Covington, LA submarket, offering easy access to a large customer base. The minimum divisible space is 3,240 square feet.
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
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.