For Sale
$869,022

Versailles Business Pkwy Folsom, LA 70433

Prime 2.66-acre commercial lot in Covington, LA.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 2.66-acre commercial land parcel, designated as Lot 8 within the prestigious Versailles Business Park, presents a unique investment opportunity in Covington, Louisiana. Located at 0 Versailles Business Parkway, 70433, this property boasts convenient access to major thoroughfares including Highway 190, Interstate 12, and the Causeway, ensuring high visibility and accessibility. Zoned as a Planned Unit Development (PUD), this versatile lot offers a wide array of permitted uses, including but not limited to medical facilities, office spaces, hospitality ventures, and self-storage facilities. Detailed permitted use information is available upon request. The asking price is $869,022, translating to approximately $326,700 per acre. With no wetland concerns, this property offers a clean slate for development, promising a streamlined construction process. The average rental rate is projected at $7.50 per square foot, making this a potentially lucrative investment with strong long-term growth potential. This prime location in St. Tammany Parish offers a thriving business environment and a strategic advantage for any commercial enterprise. Seize this opportunity to acquire a highly desirable commercial lot in a rapidly developing area.

Highlights

  • 2.66-acre commercial lot in Covington, LA's Versailles Business Park.
  • Located at 0 Versailles Business Parkway, 70433, with easy access to major highways (Highway 190, I-12, Causeway).
  • Planned Unit Development (PUD) zoning allows for various uses including medical, office, hospitality, and self-storage.
  • Asking price: $869,022 ($326,700/acre).
  • No wetlands, promising efficient development.
  • Projected average rental rate: $7.50/sq ft.

Property Details for 0 Versailles Business Pkwy

Property type
Land
Lot Size (sq. ft)
115,870 SF

Location Insight

City
Folsom
County
St. Tammany Parish
State
Louisiana
Latitude
30.4329202
Longitude
-90.0921335

FAQs

What type of property is this?
Land - Prime 2.66-acre commercial lot in Covington, LA.
Where is the land located?
The property is located at Versailles Business Pkwy Folsom, LA.
What is the asking price?
The asking price for this property is $869,022.
What are key features of this property?
This property features: 2.66-acre commercial lot in Covington, LA's Versailles Business Park.; Located at 0 Versailles Business Parkway, 70433, with easy access to major highways (Highway 190, I-12, Causeway).; Planned Unit Development (PUD) zoning allows for various uses including medical, office, hospitality, and self-storage.
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0 Versailles Business Pkwy
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