79070 Highway 40

Covington, LA 70435

Rent estimate$1,231/mo

Listed by

Carey Meredith, KPG Realty, LLC · (985) 801-9112

What the listing says

Prime commercial development opportunity in the heart of the Barker's Corner commercial district in St. Tammany Parish. This 1.60-acre site consists of Lots 5 & 6 with approximately 69,696 square feet of land area and is offered at $495,000 ($7.10 PSF). Strategically positioned on Highway 437 with approximately 200 feet of frontage, the property is zoned HC-2 (Highway Commercial) and offers excellent visibility, access, and development flexibility. Located at the signalized Barker's Corner intersection, the site benefits from strong exposure to daily commuter and local traffic serving the Covington and Folsom markets. The property is high and dry with no known wetlands, and ownership indicates no impact fees. Significant site improvements already exist, including substantial flatwork and paving remaining from the former Citizens Bank location, providing potential cost savings for future development. Ownership may consider owner financing for qualified purchasers and will also entertain build-to-suit opportunities.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Land

Lot Size

69,696 sq ft

HOA

None

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Questions about owner financing in Covington

What is owner financing for 79070 Highway 40?

Owner financing means the seller of 79070 Highway 40 acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Covington, LA home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Covington home?

There is no standard down payment. The seller of this Covington home sets their own, and it is negotiable. Ask the seller or their agent.