1850 COLLINS BLVD

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1850 COLLINS BLVD

COVINGTON, LA 70433-5666
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel available for acquisition in Covington, Louisiana.
  • Located at 1850 Collins Blvd within a developed business corridor.
  • Property situated in the growing Northshore region of the metro area.
  • Site dimensions and access support various commercial development use cases.
  • Positioned within St. Tammany Parish for potential regional market growth.

What's Special

Covington serves as a prominent commercial hub within the Northshore region of the New Orleans metropolitan area. This growing suburban market benefits from consistent regional infrastructure investment and a steady influx of residents seeking proximity to both the city and the surrounding natural landscapes. Located at 1850 Collins Blvd, this commercial land parcel occupies a strategic position within the local business corridor. The site offers significant potential for developers and investors looking to establish a presence in a high-demand area of St. Tammany Parish. Given the local zoning and typical land use patterns in this submarket, the property is suitable for various commercial applications, including retail developments, office space, or professional service centers. Future owners can capitalize on the accessibility of the site and its integration into the existing commercial fabric of Covington. This land presents a clear opportunity to acquire a versatile asset in a well-established and thriving Louisiana business environment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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