0 Innwood Dr Covington, LA 70433
This exceptional 14-acre commercial land parcel presents a unique investment opportunity in Covington, Louisiana. Boasting over 900 feet of frontage on Highway 21, this property enjoys approximately 24,701 daily vehicle counts, ensuring high visibility and accessibility. Its strategic location directly borders Innwood Business Park and offers convenient access to Interstate 12 (within approximately 5 minutes via Highway 21). The property is zoned A-2 (Suburban) and HC-2 (Highway Commercial), providing flexibility for a variety of commercial developments. Situated in a retail-dense corridor, the land is surrounded by established businesses including Ochsner, St. Tammany Parish Hospital, Starbucks, Winn-Dixie, Sonic, McDonald's, Walgreens, and Take 5 Oil, creating a strong foundation for future success. The property's proximity to the Tchefuncte River adds to its appeal. The asking price is $1,195,000, translating to $85,357 per acre. The property's APN is 3643; 1800; 1940. This prime location and zoning make this an ideal site for a wide range of commercial ventures. Don't miss this chance to acquire a significant piece of Covington's thriving commercial landscape.
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
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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.