1 year on rocket

516 N Jefferson Ave, Covington, LA, 70433

$550,000

Land

Location

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Property Highlights

Home TypeOther
MLS #2403018
StatusActive

About 516 N Jefferson Ave

Located at the busy intersection of N Jefferson Ave and E 26th Ave, this vacant lot occupies a prominent position at the heart of Covington, LA. Situated in the downtown business district, it boasts direct proximity to St. Tammany 22nd Judicial District Courthouse, making it an ideal location for businesses seeking high visibility and accessibility. Spanning 13,939 SF, this commercial lot offers ample space for a range of business ventures. The Central Business District (CBD) Zoning designation ensures a favorable environment for commercial activities, making it an attractive investment opportunity. Furthermore, a variance can be pursued that will allow for inclusion of a drive-thru, providing added convenience for potential business operations. Covington is renowned for its vibrant culture, engaged community and year-round calendar of festivals and events. Residents and visitors are drawn to the lively atmosphere and rich heritage of the city. The property's proximity to the Tammany Trace Bike Path and Covington Trailhead offers opportunities for outdoor enthusiasts, encouraging foot traffic and potential customers. The downtown area is home to a diverse range of restaurants, shops, and entertainment options, making it a popular destination for locals and tourists. The weekly Covington Farmer's Market, located nearby, further enhances the area's appeal, offering a vibrant hub for local produce and artisanal goods. Covington boasts strong demographics with a growing population and a robust economy. The city's strategic location, excellent infrastructure and favorable business climate make it an attractive destination for entrepreneurs and investors. With its central location, this commercial lot presents an opportunity to tap into Covington's thriving market. Don't miss out on this chance to establish your business in Covington's CBD. Whether you're an established entrepreneur or an aspiring business owner, this prime location offers a foundation for your success.

Property Details

Property Features

Listing Office:

  • Office Name: Stirling Properties
  • Office Phone: (985) 898-2022
  • Listing Agent: BRADLEY S COOK
  • Agent Phone: (985) 246-3720

Lot Features

Lot Information:

  • Lot: Corner Lot, City Lot

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
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Housing Market Comparison

See how this home compares to others in Covington, LA.

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Covington, LA

City

Med. Sold Price

$319.8K

Med. Price/SqFt

$170

Avg. Days On Market

67

# of Sold Homes

62

516 N Jefferson Ave vs Covington

499 DAYS ON ROCKET

+432 Days

$550,000

+$230.1K More

KEY TAKEAWAY

This property is $230.1K more than the Median Sold Price in Covington, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2403018

Listing Office:

  • Office Name: Stirling Properties
  • Office Phone: (985) 898-2022
  • Listing Agent: BRADLEY S COOK
  • Agent Phone: (985) 246-3720

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Last updated on: 11/18/2024, 1:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-637566
7
/10

  • Covington Elementary School

  • 325 S Jackson St

  • 0.60 miles

  • Public District Grades PK-3

school-card-donut-637567
5
/10

  • Pine View Middle School

  • 1200 W 27th Ave

  • 0.75 miles

  • Public District Grades 4-6

school-card-donut-637568
6
/10

  • E.E. Lyon Elementary School

  • 1615 N Florida St

  • 1.00 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,046. Residents of Covington, LA typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Covington, LA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Covington, LA.

Covington features a diverse array of housing options, with single-family homes being a significant part of the housing market. Architectural styles range from traditional Southern to contemporary, with a mix of historic homes and newer constructions. The housing market is dynamic, with a homeownership rate that reflects a stable community, though specific percentages are subject to change and should be verified with current data.

What is it like to live in Covington, LA?

Covington is celebrated for its rich cultural heritage and community spirit. The city prides itself on its historic downtown area, which hosts various local events and festivals throughout the year, reflecting the area's strong sense of identity and tradition.

Is it easy to get around Covington, LA without a car?

The community is served by a number of public schools, private educational institutions, and specialized programs, providing residents with a range of options for education. Healthcare services are available through local clinics and a regional hospital, equipped to handle a variety of medical needs. Retail and dining options are plentiful, offering both local cuisine and international flavors, and the public library system supports the community's educational and informational needs.

Transportation in Covington, LA.

Covington's transportation infrastructure includes a network of roads and highways that connect residents to nearby cities and amenities. Public transportation options are available, with details on schedules to be confirmed from local sources. The city is also accommodating to pedestrians in certain areas, with ongoing efforts to improve walkability and bikeability. Ride-sharing services are operational in the area, providing additional transportation options for residents.

Frequently Asked Questions About 516 N Jefferson Ave

What is the listing price of this property?

The listing price of 516 N Jefferson Ave property is $550,000.

What type of property is this?

The property 516 N Jefferson Ave is land located in Covington, Louisiana, 70433.

Is this property for sale now?

Active Listing: 516 N Jefferson Ave is For Sale (Active/New) which means the seller is accepting offers.
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Rocket Homes›Louisiana›Saint Tammany County›Covington›70433›516 N Jefferson Ave

This home is located at 516 N Jefferson Ave in Covington, LA and zip code 70433. It has been listed on Rocket Homes since July 08, 2023 and is currently priced at $550,000.

In October 2024 more than 10 listings in Covington, LA were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 40 were sold below. Between September 2024 and October 2024, Covington, LA real estate market has seen increase in the number of listings by 8.1%. Listings spent 67 days on the market in October 2024, and had a median list price of $319,810 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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