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Property profile

1040 And Bankston Rd Hammond, LA 70403

OFF-MARKET
Land
1.38 ac lot
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Property summary

AI-generated overview

This exceptional development opportunity in Hammond, Louisiana, presents 1.38 to 14.04 acres of commercial and industrial land ideally situated at the intersection of LA Highway 1040 and Huey Bankston Road, approximately 0.3 miles north of Interstate 12. The property boasts over 1270 feet of highway frontage, providing unparalleled visibility and accessibility. Individual lots range from 1.38 to 2.20 acres, with the possibility of assembling up to 14.04 acres. Each lot offers convenient roadway frontage and individual access from either Highway 1040 or Bankston Road. Pricing varies based on lot location and size, ranging from $3.50 to $5.90 per square foot. Interior lots facing Highway 1040 are priced at $4.90 per square foot, while corner lots on Bankston Road command a premium of $5.90 per square foot. The entire 14.04-acre parcel is offered at $3.50 per square foot. Flexible ownership options may be available, including build-to-suit, owner financing, and joint venture possibilities. The list price per acre is $152,460. This prime location offers significant potential for a variety of commercial and industrial developments, making it an attractive investment opportunity in a rapidly growing area. The property is located in Tangipahoa Parish, Louisiana, with a zip code of 70403.

Property profile

Verified
Property type Land
Lot 1.38 ac (60,113 SF)

Cap rate & NOI

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

Location

1040 And Bankston Rd 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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