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    3031 Highway 190 Port Allen, LA 70767

    Sponsored
    For Lease
    $2 SF/Yr ($6,183 /Mo)

    Prime Retail Land, High Visibility, 0.68 Acres

    Lot size:
    29,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.68-acre commercial land parcel presents a remarkable investment opportunity in Hammond, Louisiana. Located on Highway 190's thriving retail corridor, this property boasts unparalleled visibility and accessibility, situated just a quarter-mile from Interstate 55. The site benefits from its strategic location alongside a newly opened Chick-fil-A, sharing access and enjoying the advantages of its high-traffic neighbor. The property's zoning is C-H Commercial Highway, allowing for a diverse range of development options, including retail, office, or hospitality uses. With a total buildable square footage of 29,680, this site offers significant potential for substantial returns. The property is situated in a high-demand area, surrounded by major retailers such as Lowe's, Walmart, McDonald's, Rouses, and Hobby Lobby, ensuring high foot traffic and strong consumer demographics. This is a rare opportunity to acquire a prime commercial land parcel in a rapidly growing market, offering excellent visibility and proximity to key transportation arteries. The address is 3031 Highway 190 West, Hammond, LA 70467, in Tangipahoa Parish. This single-tenant land opportunity is ready for development.

    Property Features for 3031 Highway 190

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,680 SF
    Total Rate
    6183.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    29,621 SF
    Rate per SF
    $2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Clothing Store Auto Repair Shop Daycare Center Hotel & Motel Auto Parts Store Bar & Pub Cafe & Coffee Shop Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Allen
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.498157
    Latitude
    30.50403

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High Visibility, 0.68 Acres
    Where is this land located?
    The property is located at 3031 Highway 190 Port Allen, LA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    Request Owner's contact information
    3031 Highway 190 Port Allen, LA 70767
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    Port Allen, LA 70767
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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
    3031 Highway 190 Port Allen, LA 70767
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