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    Highway 21 Covington, LA 70435

    Sponsored
    For Sale
    $1,900,000

    1.71 Acres, Hwy 21 Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.71-acre commercial land parcel presents a prime development opportunity in Covington, Louisiana. Strategically located at the northeast corner of Highway 21 and Pinnacle Parkway, this site boasts exceptional visibility and accessibility. Highway 21 sees 21,612 vehicles per day, while the heavily trafficked Interstate 12 (74,375 vpd) is conveniently located just south of the property. The intersection of Highway 21 and Pinnacle Parkway features a fully signalized traffic light. This location offers immediate proximity to a thriving retail center anchored by established businesses such as Kohl's, Hobby Lobby, Academy Sports, Petco, and a 159,000-square-foot Costco currently under construction. Further enhancing the area's appeal, Our Lady of the Lake is slated to begin construction on a new medical facility in 2024 on adjacent land. This property's high traffic counts, strategic location within a rapidly growing commercial corridor, and proximity to major retailers and a future medical facility make it an exceptional investment opportunity. The asking price for this remarkable development site is $1,900,000. The property is situated in St. Tammany Parish, Louisiana, with a zip code of 70435.

    Property Features for 0 Highway 21

    General Information

    Property type
    Land
    Lot Size
    74,488 SF

    HighLights

    • $1,900,000 asking price.
    • 1.71‑acre commercial land parcel.
    • High‑traffic location at the intersection of Hwy 21 (21,612 VPD) and Pinnacle Parkway, near heavily trafficked I‑12 (74,375 VPD).
    • Signalized intersection.
    • Adjacent to a retail center anchored by Kohl's, Hobby Lobby, Academy Sports, Petco, and a new Costco.
    • Future medical facility planned nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    St Tammany Parish
    State
    Louisiana
    Longitude
    -90.1375232214
    Latitude
    30.449868157166

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    FAQs

    What type of property is this?
    Land - 1.71 Acres, Hwy 21 Development
    Where is this land located?
    The property is located at Highway 21 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: $1,900,000 asking price.; 1.71-acre commercial land parcel.; High-traffic location at the intersection of Hwy 21 (21,612 VPD) and Pinnacle Parkway, near heavily trafficked I-12 (74,375 VPD).
    (504) 581-5005
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    Highway 21 Covington, LA 70435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Highway 21 Covington, LA 70435
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