Auction #289-1

Commercial Property For Sale in Covington, LA

±48,978 SF Multi-Tenant Medical Office Building on ±3.9 Acres

71338 Hwy 21
Covington, LA 70433
St. Tammany Parish View Map
Commercial Property
Lot Size: ±3.95 acres
 
Bidding Format: Auction Plus®
Auction Plus®
BID DEADLINE:
25 Jul 5:00 pm CDT
Minimum Bid
US $3,990,000
Required bid deposit: US $2,500
+ ADD TO WATCH LIST
BID NOW
Contingencies may be included with your bid

Description

LOCATION, LOCATION, LOCATION!

Covington, LA, boasts one of the fastest growing economies in Louisiana, bolstered by its rising reputation as a medical hub coupled with one of the State’s highest per capita income rates.

Strategically located on the highly-traveled Highway 21, the property lies within 2 miles of 6 hospitals and numerous medical office centers. This premiere medical office center features an all-star tenant lineup, anchored by the Children's Hospital.

This state-of-the-art property was completely renovated in 2013 up to the highest standards, including a luxurious lobby, new utilities, windows, flooring, doors and so much more. For a detailed list of renovations, click here.

Perfect for an owner/user or investor, this property offers enormous potential and pride of ownership.

Property highlights/features include:

  • ±48,978 SF property on ±3.95 acres
    • ±46,548 SF multi‐tenant medical office building
    • ±2,430 SF secondary building

  • Easy access with extensive frontage
    • 632 feet on Hwy 21
    • 439 feet on Gardenia Drive

  • Quality Tenancy
  • Strong Market Fundamentals
  • Rich Amenities & Impressive Demographics
  • Paved concrete/asphalt parking lot with ±164 parking spaces including multiple handicap spaces
  • Exquisite landscaping and tranquil courtyards

*** PROPERTY TOURS BY APPOINTMENT ONLY ***

*** PLEASE DO NOT DISTURB TENANTS ***

The City of Covington, founded in 1813, is a charming Southern community nestled among three rivers. An eclectic mix of boutiques, art galleries, specialty shops and restaurants line the downtown streets. Special care has been taken to ensure the conservation of Covington's historic homes and buildings while also allowing for the modernization of its infrastructure. The downtown historic district is home to many turn-of-the-century cottages surrounded by ancient oaks and South Louisiana's lush, green foliage.

Click the following links below to access more information on Covington, LA:

www.covla.com

www.louisianatravel.com

www.city-data.com

Downloadable Documents

Property Information

Auction Information

User Access Form

Vault

Purchase and Sale

Property Viewing

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Financing

This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

Broker of Record for this property: Land Venture Partners, LLC, LA license #995690729-CORP

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented “as is,” and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

Auction Plus®
BID DEADLINE:
25 Jul 5:00 pm CDT
Minimum Bid
US $3,990,000
Required bid deposit: US $2,500
BID NOW
Contingencies may be included with your bid
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Auction Ended
Event Manager
Debi Roks
Phone: (949) 706-6107
Email: droks@fre.com
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