14369 University Ave Hammond, LA 70401
This exceptional 2.28-acre vacant land parcel presents a remarkable development opportunity in Hammond, Louisiana. Located at 14369 W University Ave, this property boasts approximately 166 feet of frontage along the highly trafficked West University Avenue, offering excellent visibility and accessibility. Its strategic location is just 0.5 miles from Interstate 55 and less than 1.5 miles from Southeastern Louisiana University, ensuring high traffic volume and a strong potential customer base. The land has been largely cleared of trees, simplifying the development process and minimizing site preparation costs. This property is ideally suited for a variety of commercial or residential projects, capitalizing on its prime location and significant frontage. For investors seeking a larger footprint, the seller prefers to sell this lot in conjunction with an adjacent, identical parcel (MLS #2312226), creating a combined 4.56 acres with 333 feet of frontage. This combined offering presents an unparalleled opportunity for large-scale development in a thriving area. The property is zoned for both residential and commercial use, providing flexibility for a wide range of development plans. This is a rare opportunity to acquire a significant land holding in a high-demand location. The property is ready for immediate development, making it an attractive investment for both experienced developers and those new to the market. The location's proximity to major transportation arteries and a prominent university makes it an ideal site for a variety of commercial ventures or residential projects.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.