MRD Zoned Development Land
For Sale
$350,000
5TH Avenue, Covington, LA 70433
COMMERCIAL - Covington, LA
Property SizeContact for details
Lot Size8.07 Acres
Days on Market24
Property Features for 5TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MRD
Subdivision
Not a Subdivision
Lot features
6-10 Acres
Standard status
Active
Lot size
8.07 Acres
Taxes and HOA fees
Tax Description
AS PER TITLE
Legal Description
AS PER TITLE
Utilities
Water source
Public
Listing Agency:
Galiano Realty
(504) 256-6311
Listed By:
Rachel Silvers · License #995694275
(504) 475-4775
Added: Jul 21
Changed: Aug 4
Last Checked: Aug 13 at 9:06AM
MLS# 2568698
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A commercial land development tract for sale in Covington, Louisiana, zoned MRD (Medical Research District). The property consists of approximately 8.07 acres, providing room for a campus-style development concept with potential for future expansion, multiple buildings, and parking.
The site is located on 5th Avenue and is described as having convenient access to major roadways, with proximity described as just minutes from the heart of Covington.
MRD zoning is noted in the listing as supporting a range of medical, professional office, research, educational, veterinary, and related commercial uses, depending on approvals and development plans.
The site is located on 5th Avenue and is described as having convenient access to major roadways, with proximity described as just minutes from the heart of Covington.
MRD zoning is noted in the listing as supporting a range of medical, professional office, research, educational, veterinary, and related commercial uses, depending on approvals and development plans.
Key Highlights
- Approximately 8.07‑acre tract with public water available
- Zoned MRD (Medical Research District)
- MRD zoning supports medical, professional office, research, educational, veterinary, and related commercial uses
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 70433, LA
41,423
Population
18,712
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
48.7 sq mi
ZIP Area
851
Density / Sq Mi
$79,354
Median Household Income
$47,406
Median Earnings
$1,373
Median Rent
$316,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - For sale commercial land tract zoned MRD, offering approximately 8 acres for flexible development in Covington, Louisiana.
Where is this commercial land located?
The property is located at 5TH Avenue Covington, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 8.07‑acre tract with public water available; Zoned MRD (Medical Research District); MRD zoning supports medical, professional office, research, educational, veterinary, and related commercial uses
