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    University Dr Hammond, LA 70401

    For Sale
    $1,500,000

    11.36 Acres, Interstate Access, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 11.36-acre commercial land parcel presents a unique investment opportunity in Hammond, Louisiana. Boasting unparalleled visibility from Interstate access, this property enjoys high traffic counts, ensuring maximum exposure for any commercial venture. The land is conveniently located on University Drive in Tangipahoa Parish, zip code 70401, offering immediate access to the interstate, a crucial advantage for businesses requiring convenient transportation links. The asking price for this significant tract is $1,500,000. While the land value per square foot is listed as $0/SF, the strategic location and high visibility significantly outweigh this metric. The property's prime location makes it ideal for a wide range of commercial developments, from retail and restaurants to light industrial and logistics facilities. Further enhancing its appeal, additional surrounding acreage is also available for potential expansion or complementary development. This presents a rare chance to acquire a substantial piece of commercial real estate with exceptional visibility and immediate interstate access in a thriving Louisiana market. Don't miss this opportunity to secure a prime location for your next commercial project.

    Property Features for 0 University Dr

    General Information

    Property type
    Land
    Lot Size
    494,842 SF

    HighLights

    • 11.36‑acre commercial land parcel in Hammond, LA with exceptional Interstate visibility.
    • High‑traffic location on University Drive, Tangipahoa Parish, zip code 70401.
    • Immediate Interstate access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.503622852271
    Latitude
    30.52296191312

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    FAQs

    What type of property is this?
    Land - 11.36 Acres, Interstate Access, High Visibility
    Where is this land located?
    The property is located at University Dr Hammond, LA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 11.36-acre commercial land parcel in Hammond, LA with exceptional Interstate visibility.; High-traffic location on University Drive, Tangipahoa Parish, zip code 70401.; Immediate Interstate access.
    Request Owner's contact information
    University Dr Hammond, LA 70401
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    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
    University Dr Hammond, LA 70401
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