3.96-Acre Retail/Office/Multi-Family Site in Covington

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:
Last Verified:
Feb 26, 2018


  • 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 $10 PSF ($576,000)
  • Squares 29 & 30 can be purchased separately for $6 PSF ($691,200)


3 contiguous squares of property fronting Falconer Dr./Crestwood Dr. - offered together at $7/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.

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. Possible subdivision and/or rezoning for development available. Undeveloped streets may be revoked with parish approval.

Southeast corner of Falconer Dr and Crestwood Dr. Access from Hwy 190, Right on Crestwood Dr., 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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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.