Technical
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Property profile

0 Jamestown Business Park Hammond, LA 70403

OFF-MARKET
Land
71.46 ac lot
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Property summary

AI-generated overview

This exceptional 71.46-acre industrial land parcel, known as Jamestown Business Park, presents a significant investment opportunity in Hammond, Louisiana. Located in Tangipahoa Parish, with a zip code of 70403, this property boasts a prime location offering unparalleled access to major transportation arteries. Its proximity to Interstate 12 and Highway 190, along with its convenient access via Gahn Lane, ensures efficient distribution and manufacturing operations. The site is further enhanced by its proximity to Hammond Regional Airport and Southeast Louisiana University, underscoring its long-term viability and potential for attracting a skilled workforce. The property is a Louisiana Economic Development Certified Site, signifying its readiness for immediate development. While adjacent to Hammond city limits, it currently lacks pre-designated zoning, allowing for flexibility in development plans. Existing land use includes industrial, mining, and timber operations. Local, regional, and state economic development agencies actively support diverse uses, including industrial manufacturing, distribution centers, and office campuses. The strategic location, just 7 miles from the I-12/I-55 interchange, provides quick access to both north-south and east-west transportation routes. The asking price is $7,781,994, translating to $108,900 per acre. The property is situated in Flood Zone X. The site is suitable for build-to-suit projects or ground leases. APN: 22105C0345F.

Property profile

Verified
Property type Land
Lot 71.46 ac (3,112,798 SF)

Cap rate & NOI

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

Location

Jamestown Business Park 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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