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Property profile & analytics
OFF-MARKET
Land

0 Falconer Dr Covington, LA 70433

1.32 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.96-acre commercial land parcel, located in Covington, Louisiana, presents a unique investment opportunity. Situated on Falconer Drive, directly behind Lowe's and near other major retailers, this property boasts a prime location with high visibility and accessibility. Zoned NC-4, it's ideally suited for retail, office, or multi-family development. The site benefits from central water and sewer access and is located in Flood Zone X. The property is comprised of three contiguous parcels (Squares 29, 30, and 156), offering flexibility for various development scenarios. Individual parcels are available for purchase at varying prices per square foot, with the entire 3.96-acre site offered at $5 per square foot for a total of $864,000. The seller will also consider ground lease options. The property's strategic location, coupled with the potential for subdivision or rezoning, makes it an attractive proposition for developers seeking a high-impact project in a thriving commercial area. Note that undeveloped streets may be subject to parish approval. The APN is 1070114707. The property's address is Falconer Dr, Covington, LA 70433.

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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