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    Covington Off Of Brewster Rd Covington, LA 70433

    For Sale
    $1,200,000

    Rare 40-acre residential tract near I-12.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 40-acre parcel of land presents a unique investment opportunity in Covington, Louisiana. Located off Brewster Road, this property boasts convenient access via a recorded 60-foot servitude of passage, offering seamless connectivity to the nearby I-12 interstate, specifically Exit #59. The strategic location places residents within minutes of a vibrant array of shopping, dining, and entertainment options. The property's zoning is designated A-2, providing flexibility for various residential development plans. Importantly, this land is situated in Flood Zone X, minimizing flood risk. Never before offered on the market, this expansive tract presents an ideal setting for a large family compound or a significant residential development project. The property's size and location combine to create a rare opportunity in the desirable Covington area of St. Tammany Parish, Louisiana, with a zip code of 70433. The asking price for this remarkable property is $1,200,000. This is a truly exceptional opportunity to acquire a substantial piece of land in a prime location.

    Property Features for Covington Off Of Brewster Rd

    General Information

    Property type
    Land
    Lot Size
    1,742,400 SF

    HighLights

    • 40‑acre parcel in Covington, LA.
    • Convenient I‑12 access (Exit 59) via 60‑foot servitude.
    • A‑2 zoning allows for residential development.
    • Located in Flood Zone X.
    • Asking price: $1,200,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.1307797
    Latitude
    30.4587407

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    FAQs

    What type of property is this?
    Land - Rare 40-acre residential tract near I-12.
    Where is this land located?
    The property is located at Covington Off Of Brewster Rd Covington, LA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 40-acre parcel in Covington, LA.; Convenient I-12 access (Exit 59) via 60-foot servitude.; A-2 zoning allows for residential development.
    (985) 792-4385
    Request Owner's contact information
    Covington Off Of Brewster Rd Covington, LA 70433
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Covington Off Of Brewster Rd Covington, LA 70433
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