Land lease. Vacant land on corner of Zinnia and Hwy 21. This is the closest vacant land on north side of I-12 on Hwy 21 to the interstate. Two acres available at the corner location with possibility of more land if needed. Total of 4 plus acres. The property goes from the Zinnia corner north to the Express Oil location. Property lends itself to many uses such as quick serve restaurant, dine-in restaurant, big box retail, medical and many others. Property is in the city limits of Covington and zoned CR Regional Commercial District. The property is in flood zone x.
When heading south from Covington on Hwy 21 there is a turning lane on Hwy 21 that allows the south bound traffic to turn on Zinnia or make a U-turn heading north on Hwy 21.
Corner of Hwy 21 and Zinnia Drive
Building Size: 87120sq ft
Lot Size: 2.0 acres
Units for Lease
Hard Corner Ground Lease
Space Available: 87120 SF
Lease Type: NNN
Price Per Sqft/Year: $3.64
Map of Hwy 21 and Zinnia Drive, Covington, LA, 70433
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.
