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    Airport Rd Hammond, LA 70403

    Sponsored
    For Sale
    $630,095

    Prime 2.63-acre commercial site, I-12 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.63-acre commercial property in Hammond, Louisiana, presents a compelling investment opportunity. Located on S. Airport Rd, this single-tenancy site boasts a strategic location with direct access to Interstate 12, offering unparalleled visibility and convenient access for businesses and customers. The asking price is $630,095, translating to $239,580 per acre and $5.50 per square foot. The property's prime location is further enhanced by its proximity to a recently opened McDonald's and a planned Waffle House, as well as numerous other commercial and industrial developments in various stages of completion. This area of Tangipahoa Parish is experiencing significant growth, providing a robust and expanding consumer base. The property offers easy access to the greater Hammond area, including the Hammond Regional Airport (just two miles north), Hammond Square Mall (two miles west on I-12), and the New Orleans Central Business District (less than an hour south). Furthermore, its proximity to major transportation arteries, including I-12, I-55, and LA Highways 190 and 22, ensures seamless connectivity and logistical efficiency. The property's APN is 2015803.000000000000000. This is an ideal location for businesses seeking high visibility and convenient access to a growing market. The property is zoned for Retail, Hospitality, and Land uses.

    Property Features for 0 Airport Rd

    General Information

    Property type
    Land
    Lot Size
    114,563 SF

    HighLights

    • 2.63‑acre commercial lot in Hammond, LA, on S. Airport Rd, priced at $630,095 ($239,580/acre, $5.50/SF).
    • High‑visibility location with direct I‑12 access.
    • Strong growth area in Tangipahoa Parish, near new and planned retail (McDonald's, Waffle House).
    • Excellent access to Hammond Regional Airport, Hammond Square Mall, and New Orleans CBD.
    • Convenient access to I‑12, I‑55, LA Hwys 190 & 22.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.4149702
    Latitude
    30.4896112

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    FAQs

    What type of property is this?
    Land - Prime 2.63-acre commercial site, I-12 access.
    Where is this land located?
    The property is located at Airport Rd Hammond, LA.
    What is the asking price?
    The asking price for this property is $630,095.
    What are key features of this property?
    This property features: 2.63-acre commercial lot in Hammond, LA, on S. Airport Rd, priced at $630,095 ($239,580/acre, $5.50/SF).; High-visibility location with direct I-12 access.; Strong growth area in Tangipahoa Parish, near new and planned retail (McDonald's, Waffle House).
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    Hammond, LA 70403
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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
    Airport Rd Hammond, LA 70403
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