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Property profile & analytics
OFF-MARKET
Office Spaces

0 Morrison Blvd Hammond, LA 70401

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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