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    3Rd St Covington, LA 70433

    For Sale
    $1,175,000

    45-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 45.67-acre commercial land parcel presents a unique investment opportunity in Covington, Louisiana. Located on N 3rd Street, this expansive property is conveniently situated just off Highway 190, south of the city limits and north of I-12, providing easy access to major transportation routes and nearby businesses. The land's size allows for diverse development possibilities, from establishing a self-sufficient estate to creating commercial ventures. The property's proximity to Covington offers the benefit of nearby medical services and other amenities while maintaining a secluded feel. Buyers are encouraged to conduct their own due diligence to verify all aspects of the property, including size and suitability for intended use. The property is located at the end of N 3rd Street, accessed by turning right onto N 3rd Street from Highway 190 heading north. The asking price for this significant land holding is $1,175,000. This is a core investment opportunity with considerable potential. The property is zoned for commercial use.

    Property Features for 0 3Rd St

    General Information

    Property type
    Land
    Lot Size
    1,989,385 SF

    HighLights

    • Excellent Hwy 190 location, south of Covington.
    • Proximity to numerous commercial businesses.
    • Convenient access to I‑12.
    • Core investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    St Tammany Parish
    State
    Louisiana
    Longitude
    -90.0830786
    Latitude
    30.4706394

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    FAQs

    What type of property is this?
    Land - 45-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 3Rd St Covington, LA.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: Excellent Hwy 190 location, south of Covington.; Proximity to numerous commercial businesses.; Convenient access to I-12.
    Request Owner's contact information
    3Rd St Covington, LA 70433
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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
    3Rd St Covington, LA 70433
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