7497 Pinnacle PkwyCovington, LA 70433

  • Other commercial real estate
  • 8,015 SF
For Lease
$41.35/SF/YR View listing

Property Details for 7497 Pinnacle Pkwy

Year built
2018
Lot size
1.41 AC
Property size (Sq ft)
8,015 SF
Property type
Other commercial real estate
APN
13418
APU
13418

Description

This exceptional restaurant space, formerly a Saltgrass Steakhouse, presents a unique opportunity in Covington, Louisiana. Located at 7497 Pinnacle Pkwy, this single-tenant retail property boasts unparalleled visibility and accessibility. Situated between two I-12 interchanges (Pinnacle Pkwy/I-12 to the east and Hwy 21/I-12 a half-mile west), it benefits from significant traffic flow. The property enjoys a strategic position in a rapidly developing commercial corridor, directly facing a retail center anchored by a 159,000-square-foot Costco currently under construction. Other prominent nearby retailers include Kohl's, Hobby Lobby, Academy Sports, and Petco. Established restaurants such as Olive Garden, Texas Roadhouse, and Cracker Barrel are also in close proximity, creating a vibrant and thriving commercial environment. Across the street, a Mercedes-Benz dealership further enhances the area's prestige and draws significant traffic. This well-situated property in St. Tammany Parish (zip code 70433) offers an ideal location for a restaurant seeking high visibility and access to a large customer base. The property's previous use as a successful steakhouse provides a solid foundation for a variety of restaurant concepts.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,266,773
    Hospitality
    $1,160,358
    Educational
    $965,404
    Medical
    $998,606
    Retail
    $1,501,739
7497 Pinnacle Pkwy, Covington, Louisiana

Location Insight

City
Covington
County
Saint Tammany
State
Louisiana
Latitude
30.4444
Longitude
-90.1267
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
$29,271
$85,865
$139,942
$225,807
-
$858,650
$932,947
$1,791,597

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