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    72079 Ramos Ave Covington, LA 70433

    For Sale
    $300,000

    1.85-Acre Commercial Lot, Covington, LA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.85-acre commercial land parcel presents a unique investment opportunity in Covington, Louisiana. Located at 72079 Ramos Ave, 70433, this property is situated conveniently behind Harbor Freight, offering excellent visibility and access. The lot is zoned NC-1, allowing for a variety of commercial uses, and presents potential for multi-family development with a zoning change. The property boasts a large fenced rear yard with mature trees, providing ample space for development. Its location is further enhanced by its proximity to The Trace Senior Community and the Tammany Trace trail system. Existing infrastructure includes a road bed already in place. The site is classified as Flood Zone C. This prime location, combined with its size and zoning, makes this an ideal opportunity for developers and investors seeking a versatile commercial property in a thriving community. The property's adjacency to established businesses and recreational amenities ensures high visibility and potential for strong returns. Serious inquiries are encouraged to explore the possibilities this exceptional parcel offers.

    Property Features for 72079 Ramos Ave

    General Information

    Property type
    Land
    Lot Size
    80,586 SF

    HighLights

    • 1.85‑acre commercial land parcel in Covington, LA, at 72079 Ramos Ave, 70433.
    • Excellent visibility and access, located behind Harbor Freight.
    • NC‑1 zoning allows for various commercial uses, including potential multi‑family development (with zoning change).
    • Large fenced rear yard with mature trees.
    • Proximity to The Trace Senior Community and Tammany Trace trail system.
    • Existing road bed and Flood Zone C designation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Law Firm Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.083469658645
    Latitude
    30.476616394626

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    FAQs

    What type of property is this?
    Land - 1.85-Acre Commercial Lot, Covington, LA
    Where is this land located?
    The property is located at 72079 Ramos Ave Covington, LA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 1.85-acre commercial land parcel in Covington, LA, at 72079 Ramos Ave, 70433.; Excellent visibility and access, located behind Harbor Freight.; NC-1 zoning allows for various commercial uses, including potential multi-family development (with zoning change).
    (985) 629-3500
    Request Owner's contact information
    72079 Ramos Ave 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
    72079 Ramos Ave Covington, LA 70433
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