Property profile

17420 Hwy Hammond, LA 70403

OFF-MARKET
Warehouses
35,320 SF 2.51 ac lot
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Property summary

AI-generated overview

This exceptional commercial property in Hammond, Louisiana, presents a significant investment opportunity. The property consists of a two-story, 35,320 square foot building situated on a 2.51-acre lot, with an additional 8.72 acres of adjacent land available for expansion. The main building features a large 15,716 square foot showroom, 16 oversized offices, a deluxe test kitchen, two employee lounges, a conference room, public and private restrooms on both floors, a service area, a warehouse, and seven truck bays. A fenced storage yard provides secure equipment storage. The property's strategic location off heavily trafficked US Hwy 190 boasts high visibility and accessibility, with proximity to Hammond North Shore Regional Airport and major interstate junctions I-12 and I-55. New Orleans and Baton Rouge are within an hour's drive. The asking price is $3,525,000, representing a price per square foot of $99.80. This vacant property offers significant potential for businesses seeking a strong presence in the Southeast region, with ample space for expansion and development on the additional lots. The property is currently vacant and ready for immediate occupancy. The property is classified as Industrial, with subtypes of Distribution, Flex, and Warehouse.

Property profile

Verified
Property type Warehouses
Total area 35,320 SF
Lot 2.51 ac (109,336 SF)

Cap rate & NOI

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

Location

17420 Hwy Hammond, LA 70403
Hammond metro
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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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