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    Ronald Reagan Hwy US 190 Covington, LA 70433

    Sponsored
    For Sale
    $800,605

    8.279 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.279-acre commercial and industrial land parcel is ideally situated on the bustling Ronald Reagan Highway (US-190) in Covington, Louisiana, zip code 70433, within St. Tammany Parish. The property boasts a prime location with high visibility and strong traffic counts, making it perfect for a variety of uses. Currently zoned HC-2, the land offers significant development potential. The asking price is $800,605, with a land value ranging from $2.22 to $3.53 per square foot. The seller is open to subdividing the property, with a mock site plan available showing potential lot divisions (2.18 acres, 1.63 acres, 2.39 acres, and 1.09 acres). Lot sizes shown exclude setbacks. The City of Covington has verbally agreed to allow a sewer tie-in, subject to usage and capacity. This advantageous location is near a new Dollar General, a high school, and recreational fields, further enhancing its appeal. Owner financing is available. The property is conveniently located 0.5 miles west of Covington High School on the Highway 190 bypass. Numerous potential uses include, but are not limited to: industrial uses (small business park or large single site), retail (C-1 or C-2 zoned), auto services, restaurants (drive-thru), office spaces (C-1 or C-2 permitted), medical facilities, and flex offices (under 40,000 sq ft). This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area.

    Property Features for 0 Ronald Reagan Hwy US 190

    General Information

    Property type
    Land
    Lot Size
    360,633 SF

    HighLights

    • 8.279‑acre commercial/industrial land parcel for sale in Covington, LA (70433).
    • High‑visibility location on US‑190 (Ronald Reagan Highway) with strong traffic counts.
    • HC‑2 zoning allows for diverse development opportunities.
    • Priced at $800,605 ($2.22-$3.53 PSF); owner financing available.
    • Seller will subdivide; potential lot sizes (excluding setbacks): 2.18 acres, 1.63 acres, 2.39 acres, and 1.09 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.14351391
    Latitude
    30.4923715

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    FAQs

    What type of property is this?
    Land - 8.279 Acres, High Traffic Area
    Where is this land located?
    The property is located at Ronald Reagan Hwy US 190 Covington, LA.
    What is the asking price?
    The asking price for this property is $800,605.
    What are key features of this property?
    This property features: 8.279-acre commercial/industrial land parcel for sale in Covington, LA (70433).; High-visibility location on US-190 (Ronald Reagan Highway) with strong traffic counts.; HC-2 zoning allows for diverse development opportunities.
    Request Owner's contact information
    Ronald Reagan Hwy US 190 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
    Ronald Reagan Hwy US 190 Covington, LA 70433
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