46175 Morrison BlvdHammond, LA 70401

  • Other commercial real estate
  • 888 SF
For Sale
$5,300,000 View listing

Property Details for 46175 Morrison Blvd

Year built
2020
Lot size
5.30 AC
Property size (Sq ft)
888 SF
Property type
Other commercial real estate
APN
991902
APU
991902

Description

This exceptional investment opportunity presents a thriving sports complex in Hammond, Louisiana, listed at $5,300,000. Spanning 8.29 acres, the property boasts three buildings totaling 18,250 square feet, constructed in 2013. The complex includes three baseball fields with state-of-the-art artificial turf (suitable for ages 9 and under, 12 and under, and all ages for softball), indoor batting cages, concession areas, party rooms, and ample office space. The property offers significant parking with capacity for 175 vehicles. One building is currently leased, generating $6,000 monthly income (utilities included). The complex features a 50' x 25' concession building with restrooms and a 50/50 profit-sharing arrangement. Additional buildings measure 50' x 100' and 120' x 100'. The property presents substantial potential for expansion and multiple income streams, making it an ideal investment or owner-operator opportunity. City water and sewer services are available. While there are no bleachers, ample space exists for parent seating. Protective netting is in place. This turnkey operation is ready for a new owner to capitalize on its established success and future growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $142,492
    Hospitality
    $130,522
    Educational
    $108,593
    Medical
    $112,328
    Retail
    $168,922
46175 Morrison Blvd, Hammond, Louisiana

Location Insight

City
Hammond
County
Tangipahoa
State
Louisiana
Latitude
30.5235
Longitude
-90.4839
CBSA code
25220
CBSA name
HAMMOND, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$178
$18,326
$18,504
-
$1,779
$56,832
$58,611

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