Property profile

0 32Nd Ave Covington, LA 70433

OFF-MARKET
Land
1.32 ac lot
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Property summary

AI-generated overview

This exceptional 1.32-acre vacant land parcel presents a remarkable development opportunity in the thriving city of Covington, Louisiana. Strategically located at the signalized intersection of Collins Boulevard (Hwy 190 Bypass) and East 32nd Avenue, this property boasts unparalleled visibility and high traffic counts. Over 70,000 vehicles traverse the nearby Bogue Falaya Bridge daily, funneling onto Collins Boulevard, ensuring significant exposure for any future development. The property features substantial frontage on both Collins Boulevard (240 feet) and East 32nd Avenue (240 feet). Currently zoned CR, this versatile parcel allows for a wide range of commercial uses, including but not limited to food establishments with drive-thru capabilities, mini storage facilities, automotive repair and sales, and numerous other possibilities. Future infrastructure improvements are planned, with the intersection slated to become a roundabout, further enhancing accessibility. City water and sewer services are readily available, simplifying the development process. This prime location within Covington's city limits offers an exceptional investment opportunity for discerning developers seeking high-impact commercial development in a rapidly growing area. Don't miss this chance to secure a highly visible and strategically positioned property with significant development potential.

Property profile

Verified
Property type Land
Lot 1.32 ac (57,499 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

32Nd Ave Covington, LA 70433
Covington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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