0 M P Planche Rd Covington, LA 70435
This exceptional 20-acre agricultural property, located on MP Planche Rd in Covington, Louisiana, presents a compelling investment opportunity. Priced at $200,000, or $10,000 per acre, this land offers significant potential for development. The property's APN is 80626 and its location within St. Tammany Parish, zip code 70435 (latitude 30.5220067, longitude -90.1330272), places it in a desirable area experiencing growth. The surrounding land has seen recent development of small to medium-sized residential homes, suggesting strong potential for similar projects on this expansive parcel. The property is classified as agricultural land, providing flexibility for various uses subject to local zoning regulations. This is a rare opportunity to acquire a sizable tract of land in a thriving Louisiana community, ideal for investors seeking land suitable for residential development or other agricultural pursuits. The asking price represents excellent value given the land's size, location, and development potential. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.