Business Ave Hammond, LA 70403
- Commercial real estate
- 51,401 SF
- 1.18 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Business Ave
- Lot size
- 1.18 lot acres
- Property size
- 51,401 SF
- Property type
- Commercial real estate
Description
This exceptional 1.18-acre commercial lot presents a prime development opportunity in Hammond, Louisiana. Boasting 51,401 square feet of buildable land, the property enjoys excellent visibility and accessibility. Situated on Veterans Avenue (US Hwy 51 Business), it offers 135 feet of frontage along the west side of the highway and an additional 380 feet of frontage along a private access road. A private asphalt parking lot at the rear of the property, accessible from Veterans Highway, provides ample parking. This strategic location is approximately one mile from Interstate 12, ensuring convenient access for patients and employees. The property's proximity to North Oaks Hospital makes it particularly well-suited for the construction of a medical facility, offering a significant advantage in attracting patients and medical professionals. The high traffic count on US Hwy 51 Business guarantees substantial exposure for any new development. This is a rare opportunity to acquire a large, well-located parcel in a thriving area with significant growth potential. The existing infrastructure, including the private parking lot, reduces development costs and streamlines the construction process. The property is priced at $700,000.
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
- -90.4573
- Latitude
- 30.4608
