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    42170 Veterans Ave Hammond, LA 70403

    Sponsored
    For Sale
    $14,063,346

    64 Acres, Prime Location, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 64.57-acre parcel presents a unique investment opportunity in the rapidly growing Hammond, Louisiana market. Strategically located just 0.6 miles from Interstate 12 and directly off Veterans Avenue (Business Route Hwy-51), this vacant land boasts an average daily traffic count of approximately 18,706 vehicles. Its prime location across from North Oaks Health Medical Center ensures high visibility and accessibility, making it ideal for a variety of development projects. The property's zoning allows for commercial, medical office, and residential uses, offering flexibility for multifamily developments, retail spaces, or other commercial ventures. This versatile land is perfectly positioned to capitalize on Hammond's continued expansion and growth. The asking price for this expansive site is $14,063,346. The property's address is 42170 Veterans Ave, Hammond, LA 70403, within Tangipahoa Parish. Its convenient access to major transportation routes and essential services makes it an attractive proposition for investors seeking significant returns. This is a rare opportunity to acquire a substantial land holding in a thriving Louisiana community. The property's size and location offer unparalleled potential for future development and long-term growth. Consider the possibilities and seize this chance to contribute to Hammond's dynamic expansion.

    Property Features for 42170 Veterans Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    43,560 SF

    HighLights

    • 64.57‑acre vacant land in Hammond, LA, priced at $14,063,346.
    • High‑traffic location (18,706 ADT) 0.6 miles from I‑12 and directly off Veterans Avenue (Business Route Hwy‑51).
    • Across from North Oaks Health Medical Center, offering high visibility.
    • Zoned for commercial, medical office, and residential uses, allowing for diverse development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.457299288834
    Latitude
    30.471151070949

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    FAQs

    What type of property is this?
    Multifamily property - 64 Acres, Prime Location, High Traffic
    Where is this multifamily property located?
    The property is located at 42170 Veterans Ave Hammond, LA.
    What is the asking price?
    The asking price for this property is $14,063,346.
    What are key features of this property?
    This property features: 64.57-acre vacant land in Hammond, LA, priced at $14,063,346.; High-traffic location (18,706 ADT) 0.6 miles from I-12 and directly off Veterans Avenue (Business Route Hwy-51).; Across from North Oaks Health Medical Center, offering high visibility.
    Request Owner's contact information
    42170 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
    42170 Veterans Ave Hammond, LA 70403
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