1957 Collins BlvdCovington, LA 70433

  • Commercial real estate
  • 7,714 SF
For Sale
$1,700,000 View listing

Property Details for 1957 Collins Blvd

Year built
2008
Lot size
1.70 AC
Property size (Sq ft)
7,714 SF
Property type
Commercial real estate
APN
20933
APU
20933

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,238,330
    Hospitality
    $1,134,304
    Educational
    $943,728
    Medical
    $976,184
    Retail
    $1,468,021

Location Insight

City
Covington
County
Saint Tammany
State
Louisiana
Latitude
30.4978
Longitude
-90.1023
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,641
-
$55,541
$55,541
-
-
$370,272
$370,272

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