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    _ I-55/Wardline Rd Hammond, LA 70401

    For Sale
    $2,335,000

    High-traffic location, unrestricted use, huge potential.

    Property size:
    946,635 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 21.98-acre commercial property in Hammond, Louisiana, presents a rare investment opportunity. Boasting a massive 946,635 square feet, this expansive site offers unparalleled visibility and accessibility due to its strategic location directly off I-55 and Wardline Road, with over 1200 feet of I-55 frontage. The property enjoys a high-traffic location, ensuring maximum exposure for any business. A key advantage is the complete absence of zoning or usage restrictions, providing unparalleled flexibility for development. This freedom allows for a diverse range of uses, from retail and hospitality ventures to industrial or mixed-use projects. The property's size and location make it ideal for large-scale developments or for investors seeking significant long-term returns. Its proximity to University Avenue further enhances its appeal and potential for growth. This is a truly unique opportunity to acquire a substantial commercial property with immense potential in a highly desirable location. The asking price is $2,335,000.

    Property Features for _ I-55/Wardline Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    946,635 SF
    Lot Size
    957,449 SF

    Building Details

    Year Built
    2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.5543
    Latitude
    30.51915

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, unrestricted use, huge potential.
    Where is this commercial real estate located?
    The property is located at _ I-55/Wardline Rd Hammond, LA.
    What is the asking price?
    The asking price for this property is $2,335,000.
    (985) 269-0042
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    _ I-55/Wardline Rd Hammond, LA 70401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    _ I-55/Wardline Rd Hammond, LA 70401
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