Retail/Commercial Land for Sale

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30508824
Property Subtypes: Hospitality, Retail, Retail-Pad, Other
Status: Pending
Gross Land Area: 2.58 Acres
Sale Price: $1,700,000
Unit Price: $658,914 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

2.58 acres of vacant land with 490' of frontage on US Hwy 190 in Hammond. Traffic counts are over 30,000 cars per day. The subject property was formerly a motel and restaurant. The structure was razed but the foundation remains intact.

The Commercial-Highway zoning will allow major retail, office, and hospitality uses that benefit from high traffic volumes. The property is located in Flood Zone X and is not encumbered by any wetlands. Utilities on site included electricity,sewage, gas, water, and telephone.

Located in a heavy commercial corridor, the subject property is surrounded by retail stores, hotels, and restaurants. Major retailers in the area include Lowe's, Walmart, Rouses Market, and Winn Dixie, Nearby hotels include Hampton Inn, WoodSpring Suites, Super 8, and Comfort Inn. Restaurants include Cracker Barrel, Waffle House, McDonlad's, Chili's. Buffalo Wild Wings, and Starbucks.

The subject property is located less than 1/4 mile from Exit 31 of Interstate 55 and two miles from the I-55 and I-12 connector.

Attachments & Media

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 85
Tax ID/APN: 1794418.000000000000000
Property Visibility: Excellent
Feet of Frontage: 490
Traffic/Vehicle Count: 30,000
Highway Access: Less than 1/4 to Interstate 55
Site Description: Former motel and restaurant. Foundation still in place.
Area Description: The city of Hammond is located less than an hour away from both New Orleans, and the state capital, Baton Rouge. Hammond is home to Southeastern Louisiana University and multiple technical colleges. Existing industries and a low cost of living make the city of Hammond an ideal place to live and work.
Available Utilities: Electric, Water, Gas, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,830 35,329 56,590
Median Age: 31.32 30.08 31.88
Households: 744 13,181 21,206


Photograph of Listing Agent

Andrew D'Ostilio

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Michael Cashio

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Ty H Gose

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
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