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5th Ave - 8.07 AC Undeveloped Land - Covington, LA 8.07 Acres of Commercial Land Offered at $785,000 in Covington, LA 70433
INVESTMENT HIGHLIGHTS
- Hardwood forest coverage with natural elevation up to 8.03 feet.
- Not in a FEMA flood zone; low social vulnerability rating.
- Zoned for residential and institutional uses with flexible entitlements.
EXECUTIVE SUMMARY
The property is zoned within the Residential Use Group and falls under the jurisdiction of the St. Tammany Parish School District, enhancing its appeal for family-oriented housing or community-based facilities. It is not located in a FEMA flood zone and carries a relatively moderate national risk index, with low social vulnerability and stable water stress conditions. The parcel’s environmental value is underscored by its significant carbon storage capacity of 127 Mg/ha, making it a compelling option for developers with sustainability goals.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $785,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 8.07 AC |
| Property Type | Land | ||
| Zoning | MRD - Medical Research District | ||
| Price | $785,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 8.07 AC |
| Zoning | MRD - Medical Research District |
1 LOT AVAILABLE
Lot
| Price | $785,000 | Lot Size | 8.07 AC |
| Price Per AC | $97,273.85 |
| Price | $785,000 |
| Price Per AC | $97,273.85 |
| Lot Size | 8.07 AC |
Located just .3 miles west of Hwy 190 off of 5th St in Covington, LA. 100% Tree coverage with hardwood forest. Elevation ranges from 3.65' to 8.03'.
DESCRIPTION
This 8.07 AC undeveloped tract of land is located just .3 miles west of Hwy 190 off of 5th St in Covington, LA. 100% Tree coverage with hardwood forest. Elevation ranges from 3.65' to 8.03'. The property is zoned MRD - Medical Research District. Permitted uses include: Laboratory; Medical Facility, Clinic; Medical Supply, Retail or Wholesale; Office; Veterinary Clinic (no outdoor kennels); Animal Services, Breeding & Care for Farm or Research Animals; Animal Services, Housing Government (indoor/outdoor); Animal Services, Training; Auditorium; Educational Facility, University & Associated Research Center; Educational Facility, Vocational School; Hospital; Medical Facility; Medical Facility, Accessory Housing; Post Office. Tranzon Asset Advisors of Texas, LLC, Kelly D. Toney Louisiana Broker#000076381
PROPERTY TAXES
| Parcel Number | 24044 | Improvements Assessment | $0 |
| Land Assessment | $28,350 | Total Assessment | $28,350 |
PROPERTY TAXES
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5th Ave - 8.07 AC Undeveloped Land - Covington, LA
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