72306 LA-1077

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72306 LA-1077

Covington, LA 70433
Asking Price
$4.94M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Large commercial land tract spanning 186.5 total acres.
  • Property is currently listed for sale at $4,939,633.
  • Site positioned with frontage along Louisiana Highway 1077.
  • Located in the growing Covington suburban market area.
  • Asset offers extensive potential for varied commercial development projects.

What's Special

Developers and investors seeking large-scale expansion will find this 186.5-acre parcel in Covington, Louisiana, suitable for a variety of commercial ventures. Situated along LA-1077, the site provides substantial acreage for retail, industrial, or mixed-use projects requiring significant footprint in a growing suburban market. The Northshore region continues to benefit from its proximity to major transportation arteries and consistent population growth, making it a functional choice for businesses looking to establish a long-term presence outside of the denser urban core of New Orleans. This expansive land asset offers the flexibility necessary for subdividing or phased development depending on specific business requirements. Its strategic location within St. Tammany Parish positions future occupants to capitalize on the regional economic climate and accessibility to surrounding residential communities. Investors can evaluate the property for its development potential, alignment with current regional growth patterns, and the capacity to accommodate large-scale commercial operations.

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NOI
$80,000
Cap Rate
1.62%
DSCR
0.27
Underwater
Cash-on-Cash
-14.39%
Monthly Payment
$24,438.609
Annual Cash Flow
$-213,263.307

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