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    Thomas St Hammond, LA 70401

    For Sale
    Contact for pricing

    Prime 35-acre development site in Hammond, LA.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 35-acre commercial land parcel presents a unique investment opportunity in Hammond, Louisiana. Strategically located on W Thomas Street, a major commercial artery boasting 29,978 vehicles per day, this property offers unparalleled visibility and accessibility. Its position between W Thomas Street and Old Baton Rouge Highway (9,396 vpd), and its proximity to I-55 and US Route 51, ensures high traffic exposure. The land's value is further enhanced by its location within the path of a proposed Market Street extension connecting to Old Baton Rouge Highway, creating significant future development potential. This extension would directly impact the property, opening up additional development opportunities. Hammond, the largest city in Tangipahoa Parish, is a key distribution hub for major companies like Walmart and Medline Industries, and is home to Southeastern University with over 15,500 students, providing a robust and diverse market. The property is priced competitively at $15.00 to $23.00 per square foot, depending on the parcel size and location. This prime location, coupled with the proposed infrastructure improvements, makes this an ideal site for a variety of commercial developments. The property is available for purchase in part or in whole. Detailed site plans and further information are available upon request.

    Property Features for 0 Thomas St

    General Information

    Property type
    Land
    Lot Size
    1,524,600 SF

    HighLights

    • 35‑acre commercial land parcel in Hammond, LA, strategically located on W Thomas Street with 29,978 vehicles per day.
    • Excellent visibility and accessibility due to location between W Thomas Street and Old Baton Rouge Highway (9,396 vpd), near I‑55 and US Route 51.
    • Proposed Market Street extension will significantly increase property value by connecting to Old Baton Rouge Highway.
    • Hammond's strategic location as a distribution hub for major companies and home to Southeastern University creates a strong market.
    • Ideal for various commercial developments; priced $15-$23/SF depending on parcel size.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.4784014
    Latitude
    30.5009337

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    FAQs

    What type of property is this?
    Land - Prime 35-acre development site in Hammond, LA.
    Where is this land located?
    The property is located at Thomas St Hammond, LA.
    What are key features of this property?
    This property features: 35-acre commercial land parcel in Hammond, LA, strategically located on W Thomas Street with 29,978 vehicles per day.; Excellent visibility and accessibility due to location between W Thomas Street and Old Baton Rouge Highway (9,396 vpd), near I-55 and US Route 51.; Proposed Market Street extension will significantly increase property value by connecting to Old Baton Rouge Highway.
    (504) 581-5005
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    Thomas St 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
    Thomas St Hammond, LA 70401
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