Covington Commons 84 Acres +/- Commercial Land
Vacant Land
for Sale
| Catylist Listing ID: |
30284340 |
| Property Subtypes: |
Office, Retail, Retail-Pad
|
| Gross Land Area: |
84 Acres
|
| Sale Price: |
$6 - 20 PSF |
| Total Price: |
$21,954,240 - 73,180,800 |
| Sale Terms: |
Cash to Seller, Build-to-Suit |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/16/2023 |
Overview / Comments
|
This tract consists of approximately 84 acres located on Highway 25 in Covington, LA near the intersection with Highway 190. The property is zoned CR-Regional Commercial which allows for a broad range of commercial, multi-family and residential development.
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Saint Tammany |
| Taxing Authority: |
City of Covington |
| Tax ID/APN: |
028e5a68-6512-4028-988a-ac04e0c66778 |
| Zoning: |
CR - REGIONAL COMMERCIAL |
| Property Located Between: |
US 190 & Airport Road |
| Property Visibility: |
Excellent |
| Legal Description: |
An assemblage of parcels known as Covington Commons located in Section 45, Township 6 South, Range 11 East of the Greensburg Land District, City of Covington, St. Tammany Parish, Louisiana containing 84 acres, more or less. |
| Largest Nearby Street: |
Louisiana State Highway 25 |
| Feet of Frontage: |
1,500 |
| Traffic/Vehicle Count: |
21,000 |
| Highway Access: |
LADOTD improvements (approved) will include replacing traffic signal to traffic circle at intersection of LA 25 & 190. |
| Airports: |
None in vicinity; MSY (Armstrong) is 36 miles SW of site. Drive path is 73 miles via Hammond and 43 miles via Metairie or 72 & 54 minutes driving, respectively. |
| Site Description: |
Vacant land zoned commercial with highway frontage out-parcels available. |
| Area Description: |
Northern Half of City of Covington and Suburban northwest St. Tammany Parish. Some retail and light industrial with new homes (SF & MF) in the immediate vicinity.
|
| Lot Frontage: |
1500 |
| Lot Depth: |
Varies |
| Zoning Description: |
CR - Regional Commercial
https://library.municode.com/la/covington/codes/code_of_ordinances?nodeId=PTIICOOR_APXBCOZOOR2010_PT3USDI_S3.18EGCO
|
| Part of Planned Development?: |
Yes |
| Development Name: |
Covington Commons |
| Topography: |
Level |
| Easements: |
Other |
| Easements Description: |
Available |
| Available Utilities: |
Electric, Water, Sewer, Other |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,353 |
15,571 |
46,472 |
| Median Age: |
32 |
41.39 |
38.79 |
| Households: |
916 |
6,143 |
17,719 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
|
