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    Morrison Blvd Hammond, LA 70401

    Sponsored
    For Sale
    $1,267,455

    Build-ready land, prime Hwy 51 location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.0-acre commercial land parcel, located on Highway 51 (N. Morrison Blvd.) in Hammond, Louisiana, presents a unique investment opportunity. The property boasts 84,497 square feet of build-ready land, priced at $15 per square foot, totaling $1,267,455. Zoned C-H (Commercial Highway), this site offers significant flexibility for a variety of commercial uses. With approximately 232 feet of highway frontage, the property enjoys high visibility and accessibility. All utilities are conveniently located on-site, including city water and sewer, and the area is already curbed and guttered. Permitted uses include, but are not limited to: multifamily housing, daycare centers, medical facilities, office spaces, overnight lodging, restaurants, retail sales, strip centers, convenience stores, vehicle sales and service centers, light industrial uses (including warehouses with outdoor yard space), self-storage facilities, and more. The property's APN is 6417434. The seller is open to considering build-to-suit options. This prime location in Tangipahoa Parish, with its easy access to Highway 51 and all city amenities, makes this an ideal site for a wide range of commercial developments. Don't miss this chance to acquire a highly desirable commercial property in a thriving Louisiana market.

    Property Features for 0 Morrison Blvd

    General Information

    Property type
    Multifamily properties

    HighLights

    • Approx. 1.94 acres of build‑ready land on Hwy 51 (N. Morrison Blvd.) in Hammond, LA.
    • C‑H (Commercial Highway) zoning.
    • Approx. 232 feet of highway frontage; all utilities on‑site, including city water and sewer; curbed and guttered.
    • Permitted uses include multifamily, daycare, medical, office, lodging, restaurants, retail, and light industrial.
    • Build‑to‑suit options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.482503377149
    Latitude
    30.503378274004

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    FAQs

    What type of property is this?
    Multifamily property - Build-ready land, prime Hwy 51 location.
    Where is this multifamily property located?
    The property is located at Morrison Blvd Hammond, LA.
    What is the asking price?
    The asking price for this property is $1,267,455.
    What are key features of this property?
    This property features: Approx. 1.94 acres of build-ready land on Hwy 51 (N. Morrison Blvd.) in Hammond, LA.; C-H (Commercial Highway) zoning.; Approx. 232 feet of highway frontage; all utilities on-site, including city water and sewer; curbed and guttered.
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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
    Morrison Blvd Hammond, LA 70401
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