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    1016 Ronald Reagan Hwy Covington, LA 70433

    For Sale
    $1,082,030

    High-growth area, build-to-suit options.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial land offering presents a unique development opportunity in Covington, Louisiana. Strategically located at 1016 Ronald Reagan Highway, this property boasts high visibility with over 14,000 vehicles passing daily. The site comprises two lots totaling approximately 1.24 to 1.52 acres, ideal for a variety of commercial uses. Positioned at the entrance to the 288-unit Reagan Crossing Apartments, this location benefits from significant existing residential density and high foot traffic. The surrounding area is well-established, with nearby retailers including Winn-Dixie, McDonald's, Taco Bell, Wendy's, PJ's Coffee, Waffle House, CVS, and Walgreens, ensuring strong consumer presence. This prime location is perfect for a quick-service restaurant (QSR) or a small retail strip center. The asking price for both lots is $1,082,030, and purchase and build-to-suit options are available. This presents a compelling investment opportunity in a thriving commercial corridor. The property is classified as Class A and is situated in St. Tammany Parish, Louisiana, with a zip code of 70433. Don't miss this chance to capitalize on this high-growth area's potential.

    Property Features for 1016 Ronald Reagan Hwy

    General Information

    Property type
    Land
    Class
    A
    Lot Size
    54,014 SF

    Building Details

    Units
    288

    HighLights

    • Purchase and build‑to‑suit options available.
    • Two lots totaling approximately 1.24 to 1.52 acres.
    • High‑visibility location on Ronald Reagan Highway with over 14,000 vehicles per day.
    • Entrance to 288‑unit Reagan Crossing Apartments.
    • Strong retail synergy with nearby Winn‑Dixie, McDonald's, Taco Bell, Wendy's, PJ's Coffee, Waffle House, CVS, and Walgreens.
    • $1,082,030 purchase price for both lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reagan Crossing Apartment Complex

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store 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
    -90.1123162
    Latitude
    30.4990165

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    FAQs

    What type of property is this?
    Land - High-growth area, build-to-suit options.
    Where is this land located?
    The property is located at 1016 Ronald Reagan Hwy Covington, LA.
    What is the asking price?
    The asking price for this property is $1,082,030.
    What are key features of this property?
    This property features: Purchase and build-to-suit options available.; Two lots totaling approximately 1.24 to 1.52 acres.; High-visibility location on Ronald Reagan Highway with over 14,000 vehicles per day.
    (504) 681-3403
    Request Owner's contact information
    1016 Ronald Reagan Hwy 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
    1016 Ronald Reagan Hwy Covington, LA 70433
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