351 Holiday Dr Covington, LA 70433

Property Details for 351 Holiday Dr

Year built

2000

Lot size

1.30 lot acres

Property size

15,682 SF

Property type

Commercial real estate

Description

This exceptional 15,682 square foot commercial building presents a compelling investment opportunity in Covington, Louisiana. Situated on a 1.3-acre lot, the property enjoys a prime location just off Highway 190 and I-12, ensuring high visibility and convenient access. Currently leased to a government tenant, this property offers a secure and stable income stream. The tenant has a long-standing history at this location, having recently renewed their lease for another five years, with the next renewal date in mid-2026. This provides significant lease stability and predictable cash flow for the investor. The building itself offers ample space, suitable for a variety of commercial uses, given its current configuration. The 8% capitalization rate further underscores the strong return on investment potential. This is a rare opportunity to acquire a well-located, government-leased commercial property with a proven track record of consistent occupancy and a substantial remaining lease term. The property's strategic location near major transportation arteries makes it highly attractive for both the current tenant and future potential occupants. This turnkey investment offers a blend of security, profitability, and long-term growth potential. Serious inquiries are encouraged.

Location Insight

City

Covington

County

St. Tammany

State

Louisiana

Longitude

-90.0911

Latitude

30.4376