3.96-Acre Retail/Office/Multi-Family Site in Covington

Listing was updated at: 12/13/2020
Property Overview
Price/Rent PSF $ 1,207,483.00
Asset Type Land
Trade Type Sale
Acres Available 3.96
Date Available 12/01/2020
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Southeast corner of Falconer Dr and Crestwood Dr. Access from Hwy 190, Right on Crestwood Dr., or Falconer Dr. behind Lowes, Walmart, and Home Depot.

3 contiguous squares of property fronting Falconer Dr./Crestwood Dr. - offered together at $7/PSF Entire property is 3.96 acres. Zoned NC-4, this property is directly behind Lowe's and in vicinity of other big box retailers in Covington. Central water/sewerage in area. Flood Zone X. Nearby area includes big box retailers, multi-family, and office/commercial properties. Squares 29/30 and Sq. 156 can be sold separately. OWNERS WILL CONSIDER A GROUND LEASE ON PROPERTY.

Falconer Dr. allows travel between Park Place Dr. (Home Depot) - behind Walmart SuperCenter - to Crestwood Blvd (Lowe's) and continues to the subdivisions of Harrison Ave. Multiple residential and commercial developments in the immediate area. Possible subdivision and/or rezoning for development available. Undeveloped streets may be revoked with parish approval.