27+ ACRE DEVELOPMENT SITE

Vacant Land for Sale
Catylist Listing ID: 30709063
Property Subtypes: Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 27.60 Acres
Sale Price: $12,000,000
Unit Price: $434,782 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2022

Overview / Comments

With great exposure from both I-12 and US 190 this site is located in the heart of one of the busiest retail corridors in St Tammany Parish.
A preferred site selection for many regional and national retailers, the subject has within a five mile radius a population that exceeds 85,000 with a household income exceeding $106,000.
Having both strong demographics and schools along with low crime rates and low unemployment, this area is experiencing and should continue to experience above average growth.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Taxing Authority: St. Tammany Parish
Tax ID/APN: 1070132330
Zoning: HC-3 HC-2 AND NC-1
Property Located Between: Bill Hood Chevrolet of Covington and Picadilly Restaurant
Property Visibility: Excellent
Legal Description: See agent
Largest Nearby Street: US 190
Traffic/Vehicle Count: 72,316
Highway Access: Easily accessible from a red light on US 190.
Airports: Louis Armstrong International, 37 Miles
Site Description: The site has utilities on site and while the front 6 acres is being leased on a short term basis, the area in the rear will require clearing. The site is in Flood Plain X and has an elevation ranging from approximately 19'- 26'.
Area Description: The area is experienced rapid growth in the last decade. The most recent developments along the Hwy 190 Service Road include LOPA, The Louisiana Organ Procurement Agency and CarMax, the used car dealership.
Lot Frontage: 815' tapering to an average of a 720' width.
Lot Depth: The average lot depth is approximately 720'.
Zoning Description: HC-3 HC-2 and NC-1
Development Name: I-12 @ US 190
Topography: Level
Easements Description: The typical utility easements along the Service Road are the only easements associated with this site.
Soil Type: Clay
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,235 38,099 76,902
Median Age: 37.08 41.79 39.96
Households: 2,797 14,933 29,050

Contact

Photograph of Listing Agent

Aaron P Cross

APC Realty, LLC
Covington, LA
LACDB Member
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