NOT LISTED FOR SALE

226 E Lockwood St Covington, LA 70433

Estimated Value: $2,012,345

Studio
-- Bath
6,848 Sq Ft
$294/Sq Ft Est. Value

Last Sold September 13, 2024

Current estimated payment $11,487/month

100 Days on Market

About This Home

As of September 2024

Seize the opportunity to own a piece of history in the Division of St. John, in the heart of downtown Covington, LA. This expansive 6,848 square foot retail building boasts a prime location on the Tammany Trace, directly across from the Trailhead with 34 surface parking spaces and situated on 31,363 square feet or 0.72 acres.

Situated in the vibrant downtown area, this property is surrounded by a diverse array of dining options, ensuring high foot traffic and visibility. The Tammany Trace, a renowned scenic trail, provides a picturesque backdrop and attracts both locals and tourists alike.

The building's generous layout and historic charm make it an ideal candidate for a variety of business ventures. Whether you're envisioning a trendy restaurant, a chic art studio, a boutique retail space, or an innovative office environment, this property offers endless possibilities.

The building was recently renovated to include exterior painting using rhino shield ceramic coating, several of the HVAC units were replaced and the roof was redone in 2020.

Potential Uses:
Restaurant or cafe
Art gallery or studio
Boutique retail shop
Office or coworking space
Event venue
Investment Opportunity:
This unique property offers an exceptional investment opportunity in one of Covington's most sought-after areas. Take advantage of the high visibility, historic ambiance, and vibrant community to establish a thriving business.

Last Agent to Sell the Property

Lee Delahoussaye

Stirling Properties License #000045552 Listed on: 05/17/2024

Last Buyer's Agent

Bryan Pigeon

Nations Real Estate Services LLC License #000016835

Property Details

Property Type

  • Other

Year Built

  • Built in 1917

Lot Details

  • Irregular Lot
  • Zoning described as CBD

Parking

  • 3 Parking Spaces

Interior Spaces

  • 6,848 Sq Ft Home
  • Property has 1 Level

Location

  • City Lot

Community Details

  • Not A Subdivision

Property Details

Property Type

Other

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Business Type: Restaurant
  • Lot Size: 31,363 SF
  • Subdivision Name: Not a Subdivision
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Office, Retail
  • Year Built Details: Renovated in 2020
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 1
  • Year Built: 1917

Exterior Features

  • Lot Features: City Lot, Irregular Lot

Garage/Parking

  • Parking Features: Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Zoning Description: CBD
  • Zoning: CBD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Sep 9, 2024
Sold by
Once In A While Llc
Bought by
314 Burn Llc
Seller's Agent
Lee Delahoussaye
Stirling Properties
Buyer's Agent
Bryan Pigeon
Nations Real Estate Services LLC
List Price
$1,975,000
Views
7
Current Estimated Value
$2,012,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.84%
Original Mortgage
$3,500,000
Outstanding Balance
$3,462,912
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$1,438,994

Purchase Details

Closed on
Sep 19, 2019
Sold by
Brewhouse Ptr Real Est Llc
Bought by
Once In A While Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.5%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
314 Burn Llc $1,975,000 None Listed On Document
Once In A While Llc $670,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 314 Burn Llc $3,500,000
Previous Owner Once In A While Llc $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2024 09/13/24 Sold -- -- --
06/04/2024 06/04/24 For Sale $1,975,000 -- $288 / Sq Ft
Source: ROAM MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,825 $40,061 $0 $40,061
2023 $7,843 $71,517 $31,456 $40,061
2022 $846,475 $71,517 $31,456 $40,061
2021 $8,452 $71,517 $31,456 $40,061
2020 $8,475 $71,517 $31,456 $40,061
2019 $7,577 $61,405 $24,683 $36,722
2018 $7,586 $61,405 $24,683 $36,722
2017 $7,069 $56,662 $18,288 $38,374
2016 $7,103 $56,662 $18,288 $38,374
2015 $6,976 $54,222 $17,500 $36,722
2014 $6,907 $54,222 $17,500 $36,722
2013 -- $54,222 $17,500 $36,722
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ROAM MLS

MLS Number: 2450802

APN: 17806