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    Bankston Rd Hammond, LA 70403

    For Sale
    $1,437,500

    76 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 76.67-acre commercial land tract presents a compelling investment opportunity in Hammond, Louisiana. Strategically located on Bankston Road, this property enjoys unparalleled access to major transportation arteries, sitting approximately two miles from both Interstate 55 and Interstate 12. This prime location also places it within a three-mile radius of a thriving regional shopping center anchored by national retailers such as Walmart, Rouses, Chick-fil-A, Starbucks, and Cane's. The property's immediate surroundings are characterized by significant recent residential development, with over 400 homes constructed in neighboring subdivisions including Arlington Heights, Audubon Trace, Copper Hill, and Wellington Estates. This established residential presence underscores the strong local demand and the property's high development potential. The area further benefits from its proximity to Southeastern Louisiana University, known for being the safest campus in Louisiana, adding to its family-friendly appeal. The asking price is $1,437,500, translating to a land value of $0.43 per square foot. The property's Assessed Parcel Number (APN) is 3750108. Please note that a wetlands determination has yet to be conducted for this site. The property is zoned for commercial use and is situated within flood zones X and A. This offering represents a rare chance to acquire a substantial land parcel in a rapidly growing area with excellent infrastructure and strong demographics.

    Property Features for 0 Bankston Rd

    General Information

    Property type
    Land
    Lot Size
    3,339,745 SF

    HighLights

    • Strong residential growth with 400+ new homes nearby.
    • Excellent highway access via US Hwy 190, and within two miles of I‑55 and I‑12.
    • Proximity to a major retail center anchored by Walmart, Rouses, Chick‑fil‑A, and Starbucks.
    • Located in Flood Zones X and A.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.5418196
    Latitude
    30.4955034

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    FAQs

    What type of property is this?
    Land - 76 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at Bankston Rd Hammond, LA.
    What is the asking price?
    The asking price for this property is $1,437,500.
    What are key features of this property?
    This property features: Strong residential growth with 400+ new homes nearby.; Excellent highway access via US Hwy 190, and within two miles of I-55 and I-12.; Proximity to a major retail center anchored by Walmart, Rouses, Chick-fil-A, and Starbucks.
    Request Owner's contact information
    Bankston 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
    Bankston Rd Hammond, LA 70403
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