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Property profile & analytics
OFF-MARKET Estimated value $700,000
Commercial real estate

1957 Collins Blvd Covington, LA 70433-5669

7,714 SF 1.7 ac lot Built 2008
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US36-1452069
Property summary
AI-generated overview

This exceptional 9,074 square foot commercial property, located at 1957 Collins Boulevard in Covington, Louisiana, presents a unique investment opportunity. Situated on a spacious 1.7-acre lot, this building boasts a prime location with convenient access to major roadways including the Causeway, I-10, I-12, I-59, and I-55, ensuring high visibility and accessibility. The property is zoned CR (Regional Commercial District) and benefits from a high traffic count. The building itself offers 8,714 square feet of usable space, divided into 6,544 square feet on the ground floor and 2,170 square feet upstairs. Currently configured as a turn-key restaurant, it features a recently installed (2 years ago) new sewer treatment system, ensuring efficient and compliant operations. Recent upgrades include a new metal roof and windows, enhancing both the building's aesthetics and energy efficiency. The ample 1.7-acre lot provides extensive parking and open space, further complemented by a circular driveway facilitating easy access for deliveries. The property is also available for lease at a monthly rate of $7,200. This versatile property is ideal for a variety of commercial uses and presents a compelling opportunity for both owner-operators and investors. Serious offers are being considered.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Total area 7,714 SF
Lot 1.7 ac (74,052 SF)
APN 20933
UPID US36-1452069
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
Current use
Occupant on record · Public records
  • Full Moon Bar and Grill / Thai Chili Restaurant
  • Thai Chili Restaurant
  • Ole River Drapes Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$665k
Blend (final) Blend
$700k
Owner & transaction history
Full Moon Latino LLC · 4 yrs held
Full Moon Latino LLC
since 2021
Last sale
$775,000
2 recorded transactions
2021
Price N/A
2011
$450,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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