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Property profile & analytics
OFF-MARKET
Land

0 Highway 21 Covington, LA 70435

1.71 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.71-acre commercial land parcel presents a prime development opportunity in Covington, Louisiana. Strategically located at the northeast corner of Highway 21 and Pinnacle Parkway, this site boasts exceptional visibility and accessibility. Highway 21 sees 21,612 vehicles per day, while the heavily trafficked Interstate 12 (74,375 vpd) is conveniently located just south of the property. The intersection of Highway 21 and Pinnacle Parkway features a fully signalized traffic light. This location offers immediate proximity to a thriving retail center anchored by established businesses such as Kohl's, Hobby Lobby, Academy Sports, Petco, and a 159,000-square-foot Costco currently under construction. Further enhancing the area's appeal, Our Lady of the Lake is slated to begin construction on a new medical facility in 2024 on adjacent land. This property's high traffic counts, strategic location within a rapidly growing commercial corridor, and proximity to major retailers and a future medical facility make it an exceptional investment opportunity. The asking price for this remarkable development site is $1,900,000. The property is situated in St. Tammany Parish, Louisiana, with a zip code of 70435.

Property profile
Verified
Property type Land
Lot 1.71 ac (74,488 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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