1500 Bauerle Rd, Hammond, LA 70403
This exceptional 1.8-acre commercial land parcel, located at 1500 Bauerle Road in Hammond, Louisiana, presents a unique investment opportunity. Situated in Tangipahoa Parish, this property is part of "Offices @ The Waters," a brand-new professional and medical office park. The land is ready for immediate construction, offering four pad sites available for purchase. These pad sites range in size from 4,200 to 6,120 square feet, providing flexibility for various development projects. The asking price for the entire 1.8-acre lot is $6,664,680, translating to a land value of $85 per square foot. In addition to the available pad sites, build-to-suit lease opportunities are also available, with office spaces ranging from 1,200 to 6,120 square feet. Turnkey build-out packages are available to streamline the development process. This property offers significant potential for investors seeking to capitalize on the growing demand for medical and professional office space in a thriving Louisiana community. The property's location within the new "Offices @ The Waters" development ensures high visibility and accessibility. The zip code is 70403. This is an exceptional opportunity to acquire a strategically located commercial land parcel in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.