Versailles Business Pkwy Folsom, LA 70433
- Land
- 2.66 lot acres
Current Use by Public Records
- Land
Property Details for 0 Versailles Business Pkwy
- Lot size
- 2.66 lot acres
- Property type
- Land
Description
This exceptional 2.66-acre commercial land parcel, designated as Lot 8 within the prestigious Versailles Business Park, presents a unique investment opportunity in Covington, Louisiana. Located at 0 Versailles Business Parkway, 70433, this property boasts convenient access to major thoroughfares including Highway 190, Interstate 12, and the Causeway, ensuring high visibility and accessibility. Zoned as a Planned Unit Development (PUD), this versatile lot offers a wide array of permitted uses, including but not limited to medical facilities, office spaces, hospitality ventures, and self-storage facilities. Detailed permitted use information is available upon request. The asking price is $869,022, translating to approximately $326,700 per acre. With no wetland concerns, this property offers a clean slate for development, promising a streamlined construction process. The average rental rate is projected at $7.50 per square foot, making this a potentially lucrative investment with strong long-term growth potential. This prime location in St. Tammany Parish offers a thriving business environment and a strategic advantage for any commercial enterprise. Seize this opportunity to acquire a highly desirable commercial lot in a rapidly developing area.
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
- Folsom
- County
- St. Tammany Parish
- State
- Louisiana
- Longitude
- -90.0921
- Latitude
- 30.4329
