Covington Commons Frontage Lot A
Vacant Land
for Sale
| Catylist Listing ID: |
30414770 |
| Property Subtypes: |
Retail, Retail-Pad
|
| Gross Land Area: |
35,000 - 55,000 SF
|
| Sale Price: |
$17 PSF |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/16/2023 |
Overview / Comments
|
1 Acre frontage lots of Covington Commons, an 78 acre mixed-use development 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. Parcel options start next to the Pelican Pointe Car Wash. The master development plan for Covington Commons includes a fitness center (Franco's), a grocery anchor and a multi-family residential (SF) development in the rear of the property. Growing residential market served by businesses at this intersection.
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Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Saint Tammany |
| Property Located Between: |
Branch Crossing Drive & Airport Road |
| Property Visibility: |
Excellent |
| Legal Description: |
A portion of 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: |
Highway 25 |
| Feet of Frontage: |
150 |
| Traffic/Vehicle Count: |
21,000 |
| Highway Access: |
LADOTD improvements (approved) will include replacing traffic signal to traffic circle at intersection of LA 25 & 190. Access to be provided by internal drives connecting the site to Branch Crossing (south, behind Walgreen's) and Airport Rd. (north, behind adjacent parcels). |
| Airports: |
N/A |
| Site Description: |
Level, undeveloped site at the SWC of Covington Commons immediately north of and adjacent to a new car wash (Pelican Pointe). |
| 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: |
100 to 200 |
| Lot Depth: |
300 |
| 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: |
Ingress/Egress |
| Easements Description: |
Internal drives to be constructed by Seller connecting rear of parcel to side street (Branch Crossing Dr.) and Airport Road. |
| Available Utilities: |
Electric, Water, Sewer |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
15,571 |
45,458 |
| Median Age: |
41.39 |
38.71 |
| Households: |
6,143 |
17,315 |
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