15507 Ronald Reagan Hwy Covington, LA 70433
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.