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Highway 21 Development Opportunity
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Hwy 21 Covington, Covington, LA 70435

Prime commercial land for development in high-traffic area.

Property SizeContact for details
Days on Market982

Property Features for Hwy 21 Covington

General Information

Standard status Active
Property subtype Land
Listing Agency: Corporate Realty
Listed By: Richard Weber · License #LA SALE.0000071088-ACT
Source: Crexi
Added: Dec 14, 2023 Changed: Aug 8 Last Checked: Aug 20 at 4:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corporate Realty

Investment Insights

Based on property information with market context.

This site, located at the northeast corner of Highway 21 and Pinnacle Parkway, offers a development opportunity within a rapidly growing commercial corridor. The parcel is bounded by Pinnacle Parkway to the southwest and Highway 21 to the northwest, with Highway 21 seeing a traffic volume of 21,612 vehicles per day. Interstate 12, which experiences 74,375 vehicles per day, is situated just south of the parcel. The intersection of Highway 21 and Pinnacle Parkway is fully signalized. The site is positioned along the main entrance to a retail center that includes Kohl’s, Hobby Lobby, Academy Sports, and Petco. A 159,000-square-foot Costco is currently under construction in the same retail center. Furthermore, Our Lady of the Lake is scheduled to begin construction on a medical facility in 2024 on the land between this site and the Costco.

Key Highlights

  • High‑traffic location: Situated at the intersection of Highway 21 and Pinnacle Parkway, with close proximity to I‑12.
  • Strategic placement: Located at the main entrance to a retail center anchored by major tenants.
  • Future Costco proximity: Adjacent to a 159,000‑sf Costco currently under construction.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage Computer & Electronic Repair (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,490
Businesses Nearby

Demographics for 70435, LA

20,828
Population
8,970
Households
2.3
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
104.1 sq mi
ZIP Area
200
Density / Sq Mi
$81,318
Median Household Income
$45,685
Median Earnings
$1,231
Median Rent
$271,600
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Prime commercial land for development in high-traffic area.
Where is this commercial land located?
The property is located at Hwy 21 Covington Covington, LA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High‑traffic location: Situated at the intersection of Highway 21 and Pinnacle Parkway, with close proximity to I‑12.; Strategic placement: Located at the main entrance to a retail center anchored by major tenants.; Future Costco proximity: Adjacent to a 159,000‑sf Costco currently under construction.
(504) 581-5005 Call to check price and availability
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