14.85 Acre Multi-Family Development Site - No Wetlands

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30359577
Property Subtypes: Multi-Family
Status: Pending/Contingent
Gross Land Area: 14.85 Acres
Sale Price: $995,000
Unit Price: $67,003 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2019

Overview / Comments

This 14.85 acre parcel of A-7 zoned land presents a rare opportunity for prime high density multi-family development in Covington. Located only 1/3 mile to the west of Highway 190, this site has 953 feet of frontage along the north side of Three Rivers Road and is situated in Flood Zone X with NO WETLANDS. Owners are motivated to sell. Don't miss this chance!

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Taxing Authority: St. Tammany Parish Assessor
Tax ID/APN: Tax Bill #1070101265
Property Located Between: Echo Street and North Lake Road
Property Visibility: Excellent
Legal Description: A certain tract of land containing a total of 14.85 acres, being described as 12.005 acres in Section 48, Township 7 South, Range 11 East and 2.85 Acres in Section 48, Township7 South, Range 11 East
Largest Nearby Street: Echo Street
Feet of Frontage: 953
Highway Access: Site is located only 1/3 west of Highway 190
Lot Frontage: 953
Lot Depth: 900
Zoning Description: The A-7 Multiple-Family Residential District is intended to provide high density residential development in an urbanized location where it may serve as a transitional district between less intense commercial or industrial environments. This district is to be served by central utility systems, be convenient to commercial and employment centers, and have easy access to thoroughfares and collector streets. To protect the intentions of the district, permitted activities are limited to residential uses, both private and public, and certain utility uses.
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,021 32,699 66,391
Median Age: 37.02 40.01 40.34
Households: 2,681 12,699 25,364


Photograph of Listing Agent

Pat Browne III

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
Photograph of Listing Agent

S. Parkerson (Parke) McEnery

The McEnery Company New Orleans, LA 70112
LACDB Member
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