Technical
Financial
Distress signals
Property profile

Covington Off Of Brewster Rd Covington, LA 70433

OFF-MARKET
Land
40 ac lot
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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

Location

Covington Off Of Brewster Rd Covington, LA 70433
Covington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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