0 Morrison Blvd Hammond, LA 70401
This exceptional 2.0-acre commercial land parcel, located on Highway 51 (N. Morrison Blvd.) in Hammond, Louisiana, presents a unique investment opportunity. The property boasts 84,497 square feet of build-ready land, priced at $15 per square foot, totaling $1,267,455. Zoned C-H (Commercial Highway), this site offers significant flexibility for a variety of commercial uses. With approximately 232 feet of highway frontage, the property enjoys high visibility and accessibility. All utilities are conveniently located on-site, including city water and sewer, and the area is already curbed and guttered. Permitted uses include, but are not limited to: multifamily housing, daycare centers, medical facilities, office spaces, overnight lodging, restaurants, retail sales, strip centers, convenience stores, vehicle sales and service centers, light industrial uses (including warehouses with outdoor yard space), self-storage facilities, and more. The property's APN is 6417434. The seller is open to considering build-to-suit options. This prime location in Tangipahoa Parish, with its easy access to Highway 51 and all city amenities, makes this an ideal site for a wide range of commercial developments. Don't miss this chance to acquire a highly desirable commercial property in a thriving Louisiana market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.