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Property profile & analytics
OFF-MARKET
Land

Covington Off Of Brewster Rd Covington, LA 70433

40 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 40 ac (1,742,400 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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