Listed by KPG Realty
$864,000
Falconer Dr
Details
APN 1070114707
Property Type Land
Sub Type Commercial
Acreage 1.32 - 3.96
Zoning NC-4
3.96-Acre Retail/Office/Multi-Family Site in Covington
Marketing description
Newly Reduced For 2021! 3 contiguous squares of property fronting Falconer Dr./Crestwood Dr. - offered together at $5/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 Super Center - 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.
Investment highlights
- 3.96 acres of NC-4 land at corner of Falconer Dr./Crestwood Dr. directly behind Lowe's
- Ideal for retail, office, multi-family
- Possible subdivision or rezoning available
- Flood Zone X
- Square 156 can be purchased separately for $7 PSF ($403,200)
- Squares 29 can be purchased separately for $6 PSF ($345,600)
- Square 30 can be purchased separately for $4 PSF ($230,400)
- Together all parcels can be purchased for $5 psf or ($864,000)
Listing Contacts
Listed by KPG Realty
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Zoning
NC-1 CommercialOfficeNeighborhood Office
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