COVINGTON, LA. HIGHWAY 190 LAND DEVELOPMENT

Multi-Family for Sale
Catylist Listing ID: 30381728
Property Subtypes: Low-Rise/Garden, Mid-Rise, Senior Living
Number of Units: 100 Units
Building Size (RSF): 100,000 SF
Gross Building Area: See Agent
Gross Land Area: 5.75 Acres
Sale Price: $2,295,000
Unit Price: $22,950 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/6/2024

Overview / Comments

Updated: JANUARY 17, 2024

New Price: $2,295,000, price does include 2 townhomes in rear.

This site is adjacent to 5 Hotel chains and has just been re-listed and has approx. 5.755 acres of commercial land. It is still one piece of property, and hasn't been re-subdivided, so a buyer can do as he or she wants.
The ownership has cleared, filled, and partially developed the site. No wetlands, high and dry site.
This asking price "Does include", the Two (2) Townhomes.

Adjacent properties are Townhome Completed Development, on the WestSide, and Hotels, plural on the Eastside. Within Holiday Boulevard, Racetrac Gas Station fronting Hwy. 190 & 1-12 Interstate, NorthPark to the North, New National Retail Development across the street, High Rise Office Towers also to the North.

Close to Interstate, proven Hospitality sites, there are 4 Hotels on Holiday that are built within the last 10 years and could be another site for hotels, a School, a St. Tammany Parish Government building, Fortune 500 Company multi-store Office site, mini-storage site, etc..

Buyer to confirm utilities present within inspection period of written Buy/Sell agreement.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 1071421384
Zoning: COMMERCIAL
Property Located Between: Highway 190 at Holiday Boulevard
Site Description: Cleared, filled, concrete roadways, and utilities.
Lot Frontage: 395.84'
Lot Depth: 602'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,021 34,044 74,681
Median Age: 37.02 41.82 39.92
Households: 2,681 13,276 28,232

Contact

Photograph of Listing Agent

Bryan D Pigeon

Nations Real Estate Services L Mandeville, LA 70471
LACDB Member
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