3.96-Acre Retail/Office/Multi-Family Site in Covington

Vacant Land for Sale
Catylist Listing ID: 30468456
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 1.32 - 3.96 Acres
Sale Price: $4 - 7 PSF
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/28/2024

Overview / Comments

3 contiguous squares of property fronting Falconer Dr./Crestwood Dr. - offered together at $5/PSF Entire property is 3.96 acres. Zoned NC-4, this property is directly behind Lowe's and in vicinity of other big box retailers in Covington. Central water/sewerage in area. Flood Zone X. Nearby area includes big box retailers, multi-family, and office/commercial properties. Squares 29/30 and Sq. 156 can be sold separately. OWNERS WILL CONSIDER A GROUND LEASE ON PROPERTY.

Falconer Dr. allows travel between Park Place Dr. (Home Depot) - behind Walmart SuperCenter - to Crestwood Blvd (Lowe's) and continues to the subdivisions of Harrison Ave. Multiple residential and commercial developments in the immediate area. Possible subdivision and/or rezoning for development available. Undeveloped streets may be revoked with parish approval.

- 3.96 acres of NC-4 land at corner of Falconer Dr./Crestwood Dr. directly behind Lowe's
- Ideal for retail, office, multi-family
- Possible subdivision or rezoning available
- Flood Zone X
- Square 156 can be purchased separately for $7 PSF ($403,200)
- Squares 29 can be purchased separately for $6 PSF ($345,600)
- Square 30 can be purchased separately for $4 PSF ($230,400)
- Together all parcels can be purchased for $5 psf or ($864,000)

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 1070114707
Zoning: NC-4
Property Located Between: Crestwood Dr., Falconer Dr
Property Visibility: Excellent
Legal Description: Squares 29,30,156 in Alexiusville, S10-T7S, R11E
Largest Nearby Street: Crestwood Dr., Falconer Dr.
Feet of Frontage: 240
Highway Access: US Hwy 190, I-12
Airports: Hammond Northshore Regional Airport, MSY, New Orleans Lakefront Regional Airport
Site Description: 3 contiguous squares of vacant land located directly behind Lowe's - Covington. Nearby area includes big box retailers, multi-family, and office/commercial properties.
Area Description: Southeast corner of Falconer Dr and Crestwood Dr. Access from Hwy 190, Right on Crestwood Dr., or Falconer Dr. behind Lowes, Walmart, and Home Depot.
Lot Frontage: 240
Lot Depth: 720
Zoning Description: NC-4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,025 30,978 67,293
Median Age: 34.32 38.72 40.33
Households: 2,826 11,913 25,620


Photograph of Listing Agent

Brent Cordell

KPG Realty, LLC Covington, LA 70433
LACDB Member
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