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Property profile & analytics
FOR SALE
Commercial real estate

1016 Ronald Reagan Hwy Covington, LA 70433

Property ID
US36-1690497
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
UPID US36-1690497
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
Current use
Occupant on record · Public records
  • Reagan Crossing Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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