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    42318 Veterans Ave Hammond, LA 70403

    For Sale
    $5,205,420

    10 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10-acre commercial land parcel, located at 42318 Veterans Avenue in Hammond, Louisiana, presents a unique investment opportunity. Zoned C3, this property boasts approximately 320' x 1356' dimensions and is situated in a X flood zone. Utilities are available along Business Highway 51. The asking price is $5,205,420, translating to $11.95 per square foot. Its strategic location offers unparalleled visibility and accessibility, benefiting from proximity to major thoroughfares, including Business Highway 51, Interstate 12 (nearby), and the Hammond Square Mall, a popular regional shopping center featuring national retailers. The property's proximity to North Oaks Medical Center, a significant regional employer, and Southeastern Louisiana University, a large public university, further enhances its value and potential. Hammond's consistent population growth and thriving business environment, fueled by established companies like Albemarle Corporation and the Tangipahoa Parish School System, create a strong demand for commercial development. This site is ideal for a variety of commercial and mixed-use projects, capitalizing on the area's robust economic growth and significant population base. Lease or build-to-suit options are available, making this a versatile investment for developers and entrepreneurs alike. This property offers a rare chance to participate in the continued expansion of Hammond's commercial landscape.

    Property Features for 42318 Veterans Ave

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre commercial land parcel in Hammond, LA, priced at $5,205,420 ($11.95/SF).
    • C3 zoning.
    • Located on Veterans Ave (US Business 51), near Hammond Square Mall and North Oaks Medical Center.
    • Utilities available.
    • Flood Zone X.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Wholesale Shop Spa & Massage Auto Repair Shop Dental Office Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.45714343
    Latitude
    30.47390866

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    FAQs

    What type of property is this?
    Land - 10 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 42318 Veterans Ave Hammond, LA.
    What is the asking price?
    The asking price for this property is $5,205,420.
    What are key features of this property?
    This property features: 10-acre commercial land parcel in Hammond, LA, priced at $5,205,420 ($11.95/SF).; C3 zoning.; Located on Veterans Ave (US Business 51), near Hammond Square Mall and North Oaks Medical Center.
    (985) 246-3795
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    42318 Veterans Ave 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
    42318 Veterans Ave Hammond, LA 70403
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