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    University Ave Hammond, LA 70401

    Sponsored
    For Sale
    $1,800,000

    Prime 20.2-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20.2-acre commercial land parcel presents a unique investment opportunity in Hammond, Louisiana. Strategically located along Interstate 55, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any commercial venture. Situated at a busy intersection on University Avenue in Tangipahoa County, the site benefits from its proximity to established restaurants and retail businesses, creating a synergistic environment for potential development. The asking price is $1,800,000. The property's substantial size offers ample space for a wide range of commercial uses, from large-scale retail developments to industrial facilities. Its prime location and high traffic count make it an ideal choice for businesses seeking maximum visibility and accessibility. The zip code is 70401. This is a rare opportunity to acquire a significant commercial land parcel in a thriving Louisiana market with excellent interstate access. The property's location offers significant advantages for businesses seeking to capitalize on the high volume of traffic along I-55. This is a truly exceptional opportunity for investors and developers seeking a high-impact commercial property.

    Property Features for 0 University Ave

    General Information

    Property type
    Land
    Lot Size
    879,912 SF

    HighLights

    • 20.2‑acre commercial land parcel in Hammond, LA.
    • High‑traffic location with excellent Interstate 55 visibility.
    • Busy intersection on University Avenue with high traffic counts.
    • Proximity to existing restaurants and retail businesses in Tangipahoa County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.503654781165
    Latitude
    30.521926682455

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    FAQs

    What type of property is this?
    Land - Prime 20.2-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at University Ave Hammond, LA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 20.2-acre commercial land parcel in Hammond, LA.; High-traffic location with excellent Interstate 55 visibility.; Busy intersection on University Avenue with high traffic counts.
    Request Owner's contact information
    University Ave 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 Ave Hammond, LA 70401
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