0 Tbd Pig Morgan Rd Folsom, LA 70437
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.
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
Similar Nearby for Sale
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.