Catylist ID:
#30468456
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: | 3/29/2023 |
Overview / Comments
|
NEWLY REDUCED FOR 2021! 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) |
Attachments & Media
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 |
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 |
Contact
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