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Property profile & analytics
OFF-MARKET
Land

0 Tbd Pig Morgan Rd Folsom, LA 70437

8.12 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8.12-acre parcel presents a unique residential development opportunity in Folsom, Louisiana. Located on Pig Morgan Road in St. Tammany Parish, this A-1 zoned property offers ample space for various residential projects. Priced at $130,000, or approximately $16,009.85 per acre, this land is ideal for those seeking a substantial investment. The property boasts convenient access to key transportation arteries, including proximity to Covington (12 miles), Ronald Reagan Highway (10 minutes), and Interstate 12 (15 minutes). Additional nearby access points include Bennett Bridge Road (LA-1077) at 0.5 miles, LA-40 (3 miles), and LA-25 (4.5 miles). Nature enthusiasts will appreciate the 15-minute proximity to the Tchefuncte River. This 1031 exchange-eligible property is ready for your vision. The property's size and zoning make it a prime candidate for residential construction, offering significant potential for future growth and return on investment. This is a rare opportunity to acquire a sizable residential lot in a desirable location. Don't miss out on this chance to build your dream project or expand your real estate portfolio.

Property profile
Verified
Property type Land
Lot 8.12 ac (353,707 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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