1016 Ronald Reagan Hwy Covington, LA 70433
For Sale
1 / 9
This exceptional 1.24 to 1.52-acre commercial land parcel presents a prime development opportunity in Covington, Louisiana. Located at 1016 Ronald Reagan Hwy, this Class A property boasts a strategic location at the entrance to a substantial 288-unit apartment complex, ensuring high visibility and convenient access for potential customers. The site is also surrounded by established residential neighborhoods, providing a built-in customer base for any retail or quick-service restaurant (QSR) development. The property is zoned for commercial use and is ideal for a single-tenant building. Given its size and location, this land offers significant potential for developers seeking to capitalize on the thriving Covington market. The property is classified as Retail and Land, with a Commercial, QSR subtype. The single-tenant designation allows for streamlined development and management. The absence of an existing building provides a blank canvas for a custom-designed structure tailored to the specific needs of a QSR or small retail establishment. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly expanding area of St. Tammany Parish, Louisiana, with a 70433 zip code. The property's location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking to establish a strong presence in this dynamic market.
-
Reagan Crossing Apartment Complex Apartment Building
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.