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Property profile & analytics
OFF-MARKET
Land

15507 Ronald Reagan Hwy Covington, LA 70433

1.09 ac lot
Property ID
Property summary
AI-generated overview

This 1.09-acre commercial/industrial lot in Covington, Louisiana, is ideally situated on Highway 190, boasting high visibility and traffic counts. Zoned C-2, it offers diverse development potential, including retail, office, medical, or light industrial uses. The property is conveniently located near a new Dollar General, Covington High School, and recreational fields, ensuring strong community presence and accessibility. The City of Covington has indicated willingness to allow sewer tie-in, subject to usage and capacity. This parcel is part of a larger 8.279-acre site, offering flexibility for expansion or subdivision. The asking price is $166,181, representing a price per acre of $152,460 and a price per square foot of $3.50. Owner financing is available, and the seller is open to subdividing the property to meet specific needs. A mock site plan is available, showcasing potential lot configurations, though these are subject to change. This prime location presents a unique opportunity for businesses seeking high visibility and convenient access along a thriving commercial corridor. The property is fully delineated and ready for development.

Property profile
Verified
Property type Land
Lot 1.09 ac (47,480 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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