315 N Highway 190 - Restaurant FOR SALE


Covington, LA 70433
$2,750,000 USD
985-629-3500
315 N Highway 190, Covington, LA for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/29
null | Request Cap Rate

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315 N Highway 190
Covington, LA 70433


OVERVIEW

315 US 190, Covington, LA 70433 is a 5,434 SF commercial building situated on 1.05 acres with 68 parking spaces, offering exceptional visibility along heavily traveled Highway 190 and just minutes from the I-12 interchange for convenient regional access. Formerly Off Track Betting, the property features a large open area with a bar, several private offices, a walk-in cooler, and stalled restrooms, providing a highly adaptable layout suitable for retail, hospitality, showroom, or service uses. The expansive lot, abundant parking, and prime frontage combine with its interior amenities to create a unique opportunity for businesses seeking maximum exposure, functionality, and accessibility in the Covington market. 5 yr minimum lease. $27 psf plus $4.50 NNN $14,624 Size: 5,434 SF freestanding building Lot: 1.05 acres Parking: 68 spaces Location: Outstanding Hwy 190 visibility, less than 1 mile to I-12 Former Use: Off Track Betting Zoning: HC-3 – allows retail, showroom, medical, restaurant, office, and more Interior Features: Multiple offices - Walk-in cooler - Stalled restrooms - Mop room - Open area with bar - Traffic: High daily counts with excellent regional access. Contact Jessica Keating for more information 985-789-4315

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$506 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

HC-3

APN/PARCEL ID

27644

ASK ABOUT THIS PROPERTY

Brent CordellKPG Realty - The Cordell Eustis GroupMore Info
985-629-3500

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Brent CordellKPG Realty - The Cordell Eustis GroupMore Info
985-629-3500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.