17351 Hard Hat DrCovington, LA 70435

Property Details for 17351 Hard Hat Dr

Year built

2008

Property size (Sq ft)

30,000 SF

Property type

Commercial real estate

APN

29737

APU

29737

Description

This exceptional flex space opportunity is located within the Covington Industrial Park, offering a versatile solution for businesses seeking adaptable industrial space. The property comprises a total of 30,000 square feet across multiple tenancies, with 9,000 square feet currently vacant and available for immediate occupancy. Units range from a minimum of 1,500 square feet to a maximum contiguous space of 6,000 square feet, providing flexibility for businesses of various sizes. The building boasts an impressive 18-foot ceiling height, ideal for various industrial uses and storage needs. The property sits on a generous 2.4 acres of land, providing ample outdoor space, and features 440 feet of frontage along an unnamed street and crosses Airport Rd. The zoning is designated I-2, allowing for a wide range of industrial applications. The building offers a variety of amenities including office space, warehouse space, grade-level loading, dock-high loading, and substantial outside storage areas. Ample power capacity is provided by Cleco, and all buildings are equipped with three-phase power. This prime location within the Covington Industrial Park provides excellent access to transportation routes and a thriving business community. The property presents a unique opportunity to establish or expand your business in a well-maintained and strategically located industrial facility. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,834,840

  6.5%

  $4,462,930

  7%

  $4,144,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,288,430

  Geo Method

  $2,132,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,725,910

  Retail / Commercial

  $4,486,460

  Mixed-Use / Specialty

  $4,479,810

  Hospitality / Lodging

  $3,298,860

  Office

  $4,462,930

  Institutional / Educational

  $4,660,540

  Residential Income

  $5,452,830

  Multifamily

  $6,488,030

  Automotive / Energy

  $3,994,750

  Parking / Income-Based Land

  $1,369,310

  Restaurant / Food Service

  $2,349,930

  Healthcare / Senior Housing

  $4,584,380

Location Insight

City

Covington

County

Saint Tammany

State

Louisiana

Latitude

30.514

Longitude

-90.1096

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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