73032 La-25 Covington, LA 70435
- Land
- 1.27 lot acres
Current Use by Public Records
- Land
Property Details for 73032 La-25
- Lot size
- 1.27 lot acres
- Property type
- Land
Description
This exceptional 1.267-acre commercial development site presents a lucrative investment opportunity in Covington, Louisiana. Located at 73032 LA-25, this parcel is strategically positioned as an outparcel of the thriving Covington Commons, a 70+ acre mixed-use development situated on Highway 25 near the intersection with Highway 190. The property benefits from a CR-Regional Commercial zoning designation, enabling a wide array of development possibilities, including commercial, multi-family, and residential uses. Its prime location offers excellent visibility and accessibility, situated just four parcels from the intersection following Walgreens, Wendy's, and Pelican Pointe car wash. The Covington Commons master plan incorporates a grocery anchor and a significant single-family residential development, further enhancing the area's growth potential. This site is ideally suited to capitalize on the expanding residential market of Northwest St. Tammany Parish, serving the substantial business activity at this high-traffic intersection. The land is priced at $17 per square foot, totaling $740,000. This represents a compelling opportunity to acquire a highly desirable commercial property in a rapidly growing area. The property's location and zoning provide exceptional flexibility for a variety of development projects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- St Tammany Parish
- State
- Louisiana
- Longitude
- -90.1087
- Latitude
- 30.502
