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    FOR SALE
    Commercial real estate

    16137 E Minnesota Park Rd 1, Hammond, LA 70403

    3.5 ac lot
    Property ID
    US36-1078844
    Property summary
    AI-generated overview

    This exceptional 3.5-acre commercial land parcel presents a unique investment opportunity in Hammond, Louisiana. Boasting 231 feet of frontage on East Minnesota Park Road, this property enjoys high visibility and convenient access. Its location just outside the city limits of Hammond offers flexibility in permitted uses, including commercial development and multifamily projects. The strategic location provides proximity to key amenities and significant traffic flow. Within a short distance, you'll find popular establishments such as Starbucks, McDonald's, Walgreens, Academy Sports, and Chick-fil-A, ensuring high consumer traffic and visibility for any business. The property is situated directly across the street from Summerfield Senior Living, adding to its appeal and potential for synergistic development. The zoning is designated as Commercial, allowing for a wide range of development possibilities. The asking price for this exceptional property is $575,000. This represents a compelling opportunity to acquire a strategically located and versatile commercial land parcel in a thriving Louisiana market. The property's size and location make it ideal for a variety of commercial ventures, offering significant potential for future growth and return on investment. Don't miss this chance to secure a prime piece of Hammond real estate. The address is 16137 E Minnesota Park Rd, Hammond, LA 70403.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.5 ac (152,460 SF)
    UPID US36-1078844
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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