Current Use by Public Records
- Commercial real estate
Property Details for 14075 Hwy 190 Hwy
- Year built
- 1993
- Lot size
- 1.39 lot acres
- Property type
- Commercial real estate
Description
This exceptional 4,600 square foot commercial property, situated on a 1.39-acre lot at the highly visible intersection of I-55 and Highway 190 in Hammond, Louisiana, presents a lucrative investment opportunity. Currently operating as a thriving multi-faceted business, the property includes a used car sales lot, a mechanic shop, a tire store, propane sales, and storage units. This established enterprise boasts a long-term tenant with a locked-in lease, providing immediate and consistent income. The property is offered for sale at $2,000,000. The sale includes the option of a lease-back agreement with the current tenant, allowing for continued revenue generation. Alternatively, the opportunity exists to purchase the entire business operation. The property's prime location at a major highway intersection ensures high visibility and significant traffic flow, maximizing potential for continued success and growth. The diverse range of businesses currently operating on the site offers a robust and resilient income stream, making this a compelling investment for discerning buyers seeking a stable and profitable venture. The substantial lot size provides ample space for expansion or future development. This is a rare opportunity to acquire a well-established, high-income-generating commercial property in a prime location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Tangipahoa
- State
- Louisiana
- Longitude
- -90.5012
- Latitude
- 30.5051
