107 Acres on Airport Road in Hammond

Vacant Land for Sale
Catylist Listing ID: 30042283
Property Subtypes: Industrial, Mobile Home Park, Multi-Family, Self Storage
Gross Land Area: 107 Acres
Sale Price: $0.50 PSF
Total Price: $2,330,460
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

This listing is the rear 107 acres (subject to survey) of a 140 acre tract (subject to survey) that fronts Airport Road (Hwy 3158) in Hammond. The sellers have excluded from this listing the frontage along Airport Road by a depth of 500'. A portion of that frontage is also listed and can be found at LACDB #29971260. The owners will sell the entire 140 acre tract. Access to the 107 acres is via an 80' strip that fronts on Airport Road. This tract also has approximately 100' that fronts on Hwy 190 but suitability for ingress/egress would have to be determined based upon it's proximity to the Selsers Creek bridge. A Wetlands Determination has been made and it appears that 47 of the 107 acres has been determined wetlands. The Sellers have priced this acreage below market to enable a buyer to mitigate the property and still have a cost basis below $1.00 SF. This property is not in the Hammond City Limits and there is no zoning. This site could be single or multifamily, warehouse/industrial or office/medical. It presents a very unique opportunity

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 85
Tax ID/APN: 29T6R80000028
Zoning: NONE
Property Located Between: Hwy 190 and Old Covington Highway
Property Visibility: Good
Legal Description: Approximately 107 acres located in Section 20, T6S, R8E, Tangipahoa Parish
Largest Nearby Street: Airport Road & Hwy 190
Highway Access: Hwy 190 and I-12
Airports: Hammond Regional and New Orleans MSY
Site Description: irregular shaped tract.
Area Description: Warehouse/Distribution
Zoning Description: no zoning
In Flood Plain?: Yes
Topography: Level
Soil Type: Loam
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,751 49,140
Median Age: 33.83 31.67
Households: 8,457 18,564
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