10092 Old Baton Rouge Hwy Hammond, LA 70403
- Commercial real estate
- 20,400 SF
- 1.58 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10092 Old Baton Rouge Hwy
- Year built
- 2023
- Lot size
- 1.58 lot acres
- Property size
- 20,400 SF
- Property type
- Commercial real estate
Description
This exceptional 20,400 square foot boat and RV storage facility presents a lucrative investment opportunity. Phase I, recently completed on a 1.58-acre lot, is already generating income, with projections exceeding $53,000 annually upon full occupancy. Strategically located along the high-traffic I-12 corridor in Hammond, Louisiana, this property benefits from excellent visibility and accessibility. The development includes ample space designated for Phase II expansion, which is projected to add approximately $32,000 in annual income once completed and leased. The property sits in Flood Zone X, minimizing flood risk. Currently priced below recent appraised value, this represents a compelling opportunity for investors seeking strong returns. The existing infrastructure provides immediate income generation, while the potential for expansion offers significant future growth. This is a turnkey operation with a proven business model, ready for a new owner to capitalize on its established success and future potential. The property's location within the I-12 corridor ensures high visibility and convenient access for customers. The substantial projected income stream, coupled with the potential for expansion, makes this a highly attractive investment. The current asking price is significantly below the recent appraisal, presenting a unique opportunity to acquire a high-performing asset at a discounted rate.
Value Estimation
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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
- -90.5548
- Latitude
- 30.4843
