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Property profile

0 Airport Rd Hammond, LA 70403

OFF-MARKET
Retail properties & Spaces
1.22 ac lot
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Property summary

AI-generated overview

This exceptional 1.22-acre commercial and industrial property, located at the northeast corner of Interstate 12 and Airport Road in Hammond, Louisiana (APN 22105C0435F), presents a unique investment opportunity. Boasting over 181 feet of Interstate 12 frontage and 221 feet of frontage on Airport Road, this parcel (Parcel 14B) benefits from exceptional visibility and accessibility. Situated next to a newly developed Burger King, the site enjoys a shared driveway off HiPark Boulevard, providing convenient ingress and egress. The property's strategic location at the entrance to the Hammond Regional Commerce Center and Chappapeela Sports Park ensures high traffic volume, with daily counts exceeding 11,000 vehicles on Airport Road and over 81,000 on I-12 (2019 data). The asking price is $930,006, translating to $17.50 per square foot and $762,300 per acre. This single-tenancy retail and land property offers owner financing, making it an attractive proposition for developers and investors seeking a high-traffic, high-visibility location in a rapidly growing area. The property is zoned for commercial and industrial uses.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.22 ac (53,143 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Airport Rd Hammond, LA 70403
Hammond metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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