2003 Ronald Reagan HwyCovington, LA 70433

  • Other commercial real estate
  • 15,100 SF
For Lease
$11.83/SF/YR View listing

Property Details for 2003 Ronald Reagan Hwy

Year built
2011
Lot size
1.40 AC
Property size (Sq ft)
15,100 SF
Property type
Other commercial real estate
APN
21825
APU
21825

Description

This single-story, 3,600 square foot warehouse/office building in Covington, Louisiana offers two available suites ideal for a variety of businesses. Located off Ronald Reagan Highway (Highway 190 Bypass) in a CR-Commercial zoned area, this property provides convenient access to major transportation routes. The building features a total of two suites, each with a unique layout and amenities. Suite 5 boasts 900 square feet of warehouse space and 900 square feet of adaptable office, retail, or storefront space. This suite includes a 12x8 roll-up door, one bathroom, and three separate entrances, offering excellent flexibility for operations and customer access. Suite 6 comprises 1,200 square feet of warehouse space and 600 square feet of office, retail, or storefront space. This suite features a large front door, one bathroom, and an additional entrance. The maximum contiguous space available is 1,800 square feet. The property includes one drive-in bay for easy loading and unloading. The annual rent is $13.33 per square foot, plus $2.50 per square foot in NNN charges, resulting in a monthly rent of $2,375. This presents a compelling opportunity for businesses seeking a versatile and well-located warehouse/office space in St. Tammany Parish. The property is situated in a convenient location with easy highway access, making it an attractive option for businesses needing efficient logistics and a strong presence in the Covington area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,423,507
    Hospitality
    $2,219,919
    Educational
    $1,846,947
    Medical
    $1,910,466
    Retail
    $2,873,028
2003 Ronald Reagan Hwy, Covington, Louisiana

Location Insight

City
Covington
County
Saint Tammany
State
Louisiana
Latitude
30.4931
Longitude
-90.1185
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
$8,565
$12,171
$60,192
$72,363
-
$121,710
$401,280
$522,990

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