79070 Highway 40
Covington, LA 70435
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About This Property
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.
Property Details
Property Type
Land
Lot Size
69,696 sq ft
HOA
None
Listed Price
$495,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked 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. This property in Covington, LA is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Covington home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Covington property.