Technical
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Property profile

0 Helenbirg Rd Covington, LA 70433

OFF-MARKET
Land
3.37 ac lot
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Property summary

AI-generated overview

This exceptional 3.37-acre commercial and residential land parcel presents a unique investment opportunity in Covington, Louisiana. Located on Helenberg Road, this property boasts approximately 650 feet of road frontage, offering excellent visibility and accessibility. Its strategic location is directly across from the established Preserve Office Park and multifamily apartment complexes, ensuring high traffic and a desirable neighborhood setting. The property is zoned NC1 (Professional Office), allowing for a variety of development options, including professional office spaces. However, its dual commercial and residential zoning also opens the door to residential development possibilities. Existing infrastructure is in place, with water and sewer services readily available through Tammany Utilities. The land comprises existing lots of record, simplifying the development process. For those seeking even greater acreage, an additional 2.41-acre parcel is available across the street, presenting an opportunity for expansion or a combined development project. The asking price is $550,000, translating to approximately $163,205 per acre. Detailed zoning information and a brochure are available upon request. This property represents a compelling investment opportunity with significant potential for future growth and return.

Property profile

Verified
Property type Land
Lot 3.37 ac (146,797 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Helenbirg Rd Covington, LA 70433
Covington metro
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Value estimations

Realmo proprietary · 4 methods
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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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