Tbd Turnpike Rd

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Tbd Turnpike Rd

Folsom, LA 70437
Asking Price
$1.92M
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The offering consists of 240 acres of land for sale.
  • Property is located along Turnpike Road in Folsom, Louisiana.
  • The total asking price for this land parcel is $1,920,000.
  • The site is situated within the steady St. Tammany Parish market.
  • Large-scale acreage suits land banking or diverse development project goals.

What's Special

This 240-acre parcel of land is currently available for purchase in Folsom, Louisiana. The site presents a significant footprint suitable for investors or developers focused on large-scale land projects in the Greater New Orleans region. Situated near major local transit corridors, the property benefits from the rural yet accessible character of St. Tammany Parish, a locale known for steady population growth and balanced economic development. Its substantial acreage provides ample space for varied potential applications, including residential development, agricultural operations, or long-term land banking strategies. With the size and configuration of this tract, buyers have the flexibility to align the asset with current market demands for expansive rural or semi-rural holdings. Its positioning within the Folsom area makes it a viable candidate for those seeking to capitalize on regional expansion trends or specific land-use initiatives that require significant contiguous space. The site offers a straightforward opportunity to acquire a notable land holding in this growing southern submarket.

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NOI
$80,000
Cap Rate
4.17%
DSCR
0.70
Underwater
Cash-on-Cash
-5.90%
Monthly Payment
$9,499.112
Annual Cash Flow
$-33,989.349

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