42318 Veterans Ave Hammond, LA 70403
- Land
- 10.00 lot acres
Current Use by Public Records
- Land
Property Details for 42318 Veterans Ave
- Lot size
- 10.00 lot acres
- Property type
- Land
Description
This exceptional 10-acre commercial land parcel, located at 42318 Veterans Avenue in Hammond, Louisiana, presents a unique investment opportunity. Zoned C3, this property boasts approximately 320' x 1356' dimensions and is situated in a X flood zone. Utilities are available along Business Highway 51. The asking price is $5,205,420, translating to $11.95 per square foot. Its strategic location offers unparalleled visibility and accessibility, benefiting from proximity to major thoroughfares, including Business Highway 51, Interstate 12 (nearby), and the Hammond Square Mall, a popular regional shopping center featuring national retailers. The property's proximity to North Oaks Medical Center, a significant regional employer, and Southeastern Louisiana University, a large public university, further enhances its value and potential. Hammond's consistent population growth and thriving business environment, fueled by established companies like Albemarle Corporation and the Tangipahoa Parish School System, create a strong demand for commercial development. This site is ideal for a variety of commercial and mixed-use projects, capitalizing on the area's robust economic growth and significant population base. Lease or build-to-suit options are available, making this a versatile investment for developers and entrepreneurs alike. This property offers a rare chance to participate in the continued expansion of Hammond's commercial landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Tangipahoa Parish
- State
- Louisiana
- Longitude
- -90.4571
- Latitude
- 30.4739
