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    Airport Rd Hammond, LA 70403

    Sponsored
    For Sale
    $930,006

    Prime I-12 & Airport Rd location. High traffic counts.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.22-acre commercial and industrial property, located at the northeast corner of Interstate 12 and Airport Road in Hammond, Louisiana (APN 22105C0435F), presents a unique investment opportunity. Boasting over 181 feet of Interstate 12 frontage and 221 feet of frontage on Airport Road, this parcel (Parcel 14B) benefits from exceptional visibility and accessibility. Situated next to a newly developed Burger King, the site enjoys a shared driveway off HiPark Boulevard, providing convenient ingress and egress. The property's strategic location at the entrance to the Hammond Regional Commerce Center and Chappapeela Sports Park ensures high traffic volume, with daily counts exceeding 11,000 vehicles on Airport Road and over 81,000 on I-12 (2019 data). The asking price is $930,006, translating to $17.50 per square foot and $762,300 per acre. This single-tenancy retail and land property offers owner financing, making it an attractive proposition for developers and investors seeking a high-traffic, high-visibility location in a rapidly growing area. The property is zoned for commercial and industrial uses.

    Property Features for 0 Airport Rd

    General Information

    Property type
    Land
    Lot Size
    53,143 SF

    HighLights

    • 181 feet of I‑12 frontage.
    • Owner financing offered.
    • Video tour available at https://www.stirlingprop.com/property‑search/#/property/548273/videos/
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.4149667
    Latitude
    30.4895217

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    FAQs

    What type of property is this?
    Land - Prime I-12 & Airport Rd location. High traffic counts.
    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 $930,006.
    What are key features of this property?
    This property features: 181 feet of I-12 frontage.; Owner financing offered.; Video tour available at https://www.stirlingprop.com/property-search/#/property/548273/videos/
    Request Owner's contact information
    Airport Rd Hammond, LA 70403
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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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