3.96 Acres Vacant Land near Lowes, Walmart, Home Depot

Falconer Dr Covington, LA 70433

Falconer Dr, Covington, LA, 70433
Falconer Dr, Covington, LA, 70433 Falconer Dr, Covington, LA, 70433 Falconer Dr, Covington, LA, 70433 Falconer Dr, Covington, LA, 70433 Falconer Dr, Covington, LA, 70433
FOR SALE Incentives
Property Type:
Padsites
Amount:
$1,207,483
Last Verified:
Jul 17, 2017

Highlights

  • Corner of Falconer Dr and Crestwood Blvd
  • Directly behind Lowe's
  • Near Walmart Supercenter, Home Depot, Multiple commercial and residential
  • Flood Zone X
  • Possible subdivision or rezoning available
  • Square 156 can be purchased for $10 psf ($576,000)
  • Squares 29 & 30 can be purchased for $6 psf ($691,200)

Description

3 contiguous squares of property fronting Falconer Drive and Crestwood Blvd. Each square is 240 x 240 and entire property is 3.96 acres. Falconer Dr allows travel between Park Place Dr (Home Depot), behind Walmart Supercenter, to Crestwood Blvd (Lowe's) and continues to the subdivisions of Harrison Ave. Multiple residential and commercial developments in the immediate area. Flood Zone X. Possible subdivision and/or rezoning for development. Undeveloped streets may be revoked with parish approval.The owner may consider selling individual squares separately.

Southeast corner of Falconer Dr and Crestwood Blvd. Access from Hwy 190, Right on Crestwood Blvd, or Falconer Dr behind Lowes, Walmart, and Home Depot.

Lot Size: 3.96 acres

Map of Falconer Dr, Covington, LA, 70433

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.