Retail/Commercial Land for Sale
Vacant Land
for Sale
| Catylist Listing ID: |
30508824 |
| Property Subtypes: |
Hospitality, Retail, Retail-Pad, Other
|
| 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: |
2/21/2020 |
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.
|
Additional Details
| Nearest MSA: |
Hammond |
| County: |
Tangipahoa |
| Submarket/Township: |
85 |
| Tax ID/APN: |
1794418.000000000000000 |
| Zoning: |
COMMERCIAL HIGHWAY |
| 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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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