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    OFF-MARKET
    Commercial real estate

    16195 Minnesota Park Rd, Hammond, LA 70403

    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.5-acre commercial property presents a unique investment opportunity in Hammond, Louisiana's thriving corridor. Strategically situated near the bustling Hammond Square Mall and with convenient access to Interstate 12, this site enjoys high visibility and excellent connectivity. The property is zoned for a diverse range of uses, including commercial, multifamily residential, and light industrial development, providing considerable flexibility for potential buyers. This versatility allows for a wide array of development options, catering to various business needs and investment strategies. Preliminary site plans are available to illustrate potential development scenarios. Importantly, the property is located in Flood Zone X, minimizing flood risk and offering peace of mind to investors. The asking price of $450,000 represents a compelling value for a property of this size, location, and zoning potential in a rapidly growing area. This is an exceptional opportunity to acquire a prime piece of commercial real estate poised for significant future growth and return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. Contact us today to schedule a viewing and discuss your development plans.

    Property profile
    Verified
    Property type Commercial real estate
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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