Catylist ID:
#30475002
| Catylist Listing ID: | 30475002 |
| Property Subtypes: | Hospitality, Office, Self Storage, Other |
| Gross Land Area: | 4.69 - 39 Acres |
| Sale Price: | $4 - 6 PSF |
| Land Splits Available: | Yes |
| Sale Terms: | Cash to Seller, Build-to-Suit |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/19/2020 |
Overview / Comments
|
Providence Ridge is a mixed use development located in the SE quadrant of the I-12 Airport Road (exit 42) in Hammond. Providence Ridge is home to Cypress Hospital, the recently completed Heights apartment complex, and D. R. Horton's Providence Ridge subdivision. Also, currently under construction is Cypress Point's Medical Office Building (MBO). The Development has been annexed into the City of Hammond, zoning is HC, all infrastructure is in place and there are no Impact Fees. It is 2.5 miles from the Hammond Airport. This listing is on 3 developmental sites. Site #1 is a 4.667 acre site behind the MOB under construction and backs up to the I-12 East bound on-ramp. This is an excellent hotel site to take advantage of the expanding medical services. It is also across the Interstate from the Chappapela Sports Complex that hosts year round sports events. Site #2 is a 18.82 acre tract which includes a 6.3 acre lake. This site is ideal for a Continuous Care Retirement (CCR) community or any type of Assisted Living facility. With the lake a serene park like community could be created. Also the fact that it is located in the same Development as the Hospital and MBO is a huge plus. Site #3 is a 15.99 acre tract that could developed into an office park, distribution or light industrial. The attached Reich Master Plan shows the sites in relationship to each other. |
Attachments & Media
Additional Details
| Nearest MSA: | Hammond |
| County: | Tangipahoa |
| Submarket/Township: | 85 |
| Taxing Authority: | City of Hammond and Tangipahoa Parish |
| Tax ID/APN: | 6193315.000000000000000 |
| Zoning: | HC |
| Property Located Between: | I-12 and Airport Road |
| Property Visibility: | Good |
| Legal Description: | various parcels located in Section 33, T6S-R8E and Section 4, T7S-R8E in Tangipahoa Parish. |
| Largest Nearby Street: | Airport Road |
| Highway Access: | 1-12 and Airport Road |
| Site Description: | Parish and City approved subdivision |
| Zoning Description: | HC |
| Part of Planned Development?: | Yes |
| Development Name: | Providence Ridge |
| Topography: | Level |
| Easements: | Utilities |
| Easements Description: | Recorded servitudes |
| Soil Type: | Loam |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain, Cable |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 16,337 | 46,406 |
| Median Age: | 33.47 | 32.14 |
| Households: | 6,300 | 17,482 |
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