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    69000 190 Service Rd Covington, LA 70433

    For Sale
    $5,896,282

    High-visibility commercial land, I-12 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property offers up to 11.28 acres of prime real estate with unparalleled visibility from Interstate 12. Strategically located between CarMax and LOPA, and near the newly constructed Kia of Covington dealership, this site boasts convenient access via the I-12 service road and Helenberg Road. A significant portion (6 acres) enjoys prominent I-12 frontage and is zoned HC-3, allowing for a diverse range of commercial uses, including those permitted under HC-2 zoning, plus large auto dealerships, indoor recreation facilities, theaters, storage facilities, transportation terminals, and big-box retail establishments. The remaining 5.28 acres, situated along Helenberg Road, are zoned NC1. The property benefits from a preferred flood zone X designation, minimizing risk. Its location along the vital I-10/I-12 corridor provides easy access to I-55, I-59, and the Causeway, ensuring excellent connectivity and accessibility for businesses and customers. The combined acreage presents a unique opportunity for significant commercial development in a high-traffic area. The asking price for this exceptional property is $5,896,282.

    Property Features for 69000 190 Service Rd

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • $5,896,282 asking price for 11.28 acres of commercial land.
    • Located in Covington, LA, at 69000 US‑190 Service Rd, zip code 70433.
    • Prominent I‑12 frontage between CarMax and LOPA, near Kia of Covington.
    • 6 acres zoned HC‑3, allowing for various uses including large auto dealerships and big‑box retail; 5.28 acres zoned NC1.
    • Access via I‑12 service road and Helenberg Road; located in preferred flood zone X.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    St Tammany Parish
    State
    Louisiana
    Longitude
    -90.076559525961
    Latitude
    30.427765142724

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    FAQs

    What type of property is this?
    Land - High-visibility commercial land, I-12 frontage.
    Where is this land located?
    The property is located at 69000 190 Service Rd Covington, LA.
    What is the asking price?
    The asking price for this property is $5,896,282.
    What are key features of this property?
    This property features: $5,896,282 asking price for 11.28 acres of commercial land.; Located in Covington, LA, at 69000 US-190 Service Rd, zip code 70433.; Prominent I-12 frontage between CarMax and LOPA, near Kia of Covington.
    (985) 629-3500
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    69000 190 Service Rd Covington, LA 70433
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    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
    69000 190 Service Rd Covington, LA 70433
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