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    1040 And Bankston Rd Hammond, LA 70403

    Sponsored
    For Sale
    $2,140,538

    Prime Louisiana commercial/industrial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional development opportunity in Hammond, Louisiana, presents 1.38 to 14.04 acres of commercial and industrial land ideally situated at the intersection of LA Highway 1040 and Huey Bankston Road, approximately 0.3 miles north of Interstate 12. The property boasts over 1270 feet of highway frontage, providing unparalleled visibility and accessibility. Individual lots range from 1.38 to 2.20 acres, with the possibility of assembling up to 14.04 acres. Each lot offers convenient roadway frontage and individual access from either Highway 1040 or Bankston Road. Pricing varies based on lot location and size, ranging from $3.50 to $5.90 per square foot. Interior lots facing Highway 1040 are priced at $4.90 per square foot, while corner lots on Bankston Road command a premium of $5.90 per square foot. The entire 14.04-acre parcel is offered at $3.50 per square foot. Flexible ownership options may be available, including build-to-suit, owner financing, and joint venture possibilities. The list price per acre is $152,460. This prime location offers significant potential for a variety of commercial and industrial developments, making it an attractive investment opportunity in a rapidly growing area. The property is located in Tangipahoa Parish, Louisiana, with a zip code of 70403.

    Property Features for 1040 And Bankston Rd

    General Information

    Property type
    Land
    Lot Size
    60,113 SF

    HighLights

    • 14.04‑acre tract (Lots 1‑7) available for $3.50/SF.
    • Interior lots (1‑5) facing Hwy 1040 priced at $4.90/SF.
    • Corner lots (6 & 7) on Bankston Rd. listed at $5.90/SF.
    • Build‑to‑suit, owner financing, and joint ventures considered.
    • List price: $152,460 per acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.5417142
    Latitude
    30.4861068

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    FAQs

    What type of property is this?
    Land - Prime Louisiana commercial/industrial land.
    Where is this land located?
    The property is located at 1040 And Bankston Rd Hammond, LA.
    What is the asking price?
    The asking price for this property is $2,140,538.
    What are key features of this property?
    This property features: 14.04-acre tract (Lots 1-7) available for $3.50/SF.; Interior lots (1-5) facing Hwy 1040 priced at $4.90/SF.; Corner lots (6 & 7) on Bankston Rd. listed at $5.90/SF.
    Request Owner's contact information
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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
    1040 And Bankston Rd Hammond, LA 70403
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