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- LoopNet Team
1958 N Highway 190
Covington, LA 70433
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Drive Thru
ABOUT 1958 N HIGHWAY 190 , COVINGTON, LA 70433
The McEnery Company is pleased to announce a newly available value add retail center opportunity with existing income in place. Abita View Retail Center is located in the heart of the Highway 190 corridor. There is significant room for improvement in rate and quality end cap lease credits with Alabasha Restaurant and Little Caesar's Pizza. Foti Financial, another quality tenant in the building, recently renewed its lease. Foti has 13 locations across Louisiana. The center is fully occupied, but with rates that fall below current market levels - including a related party lease of a local credit gym in place. This is an ideal retail play for experienced retail developers and brokers with relationships necessary to secure the right tenant mix in an immediate market with limited vacancy. Also included in this offering is Building Pad C approved for development of an 8,250 SF building on a site that fronts directly along the Abita River. This pad site is separately priced at $300,000.
PROPERTY TAXES
| Parcel Number | 31346 | Improvements Assessment | $91,035 |
| Land Assessment | $0 | Total Assessment | $91,035 |
PROPERTY TAXES
