Development Land Located On Main Commercial Artery in Hammond

Vacant Land for Sale
Catylist Listing ID: 30733135
Gross Land Area: 37 Acres
Sale Price: $15 - 23 PSF
Total Price: $24,175,800 - 37,069,560
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/19/2022

Overview / Comments

Up to 37 acres on W Thomas Street, one of Hammond’s main commercial arteries, is now available to purchase in part or in whole.

This parcel is strategically located between W Thomas Street (31,134 vpd) and Old Baton Rouge Highway (9,749 vpd) as well as between I-55 and U.S. Rte 51. Hammond has plans to extend Market Street to connect to Old Baton Rouge Highway, and the proposed extension would cut across this land opening up additional development opportunity.

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 85
Tax ID/APN: 1876902.000000000000000
Property Located Between: W Thomas Street and Old Baton Rouge Highway
Property Visibility: Excellent
Largest Nearby Street: W Thomas St
Traffic/Vehicle Count: 31,134
Highway Access: Only a few blocks away from I-55 and U.S. Rte 51.
Airports: HDC (Hammond Northshore Regional Airport) and MSY
Site Description: Development land strategically located at the proposed Market St expansion to connect with Old Baton Rouge Highway. Grassy land parcel that can be purchased in part or in whole.
Area Description: Hammond is the largest city in Tangipahoa Parish. Located on the Northshore, it is approximately 46 miles from both New Orleans and Baton Rouge. The city is a distribution point for Walmart and Medline Industries and other businesses and is home to Southeastern University which has an enrollment of 15,500 students.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,765 35,335 61,185
Median Age: 30.94 30.31 32.14
Households: 2,278 13,162 23,007

Contact

Photograph of Listing Agent

Jonathan Fawer

Corporate Realty - Main Office New Orleans, LA 70170-0000
LACDB Member
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