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$ 1,995,000
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1415-1417 W MORRIS AVE Hammond, LA 70403
1 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2554036
HOA Y/N No
Year Built 2001
Lot Size 1 Sqft
Acres 1.33
Lot Dimensions 83+53+75+63+10/241 x 324/206
Property Sub-Type Commercial
Source ROAM MLS
Property Description
8.6% CAP RATE AT FULL OCCUPANCY - OWNER FINANCING OPTIONS AVAILABLEInitial offering of a LARGE, INCOME-PRODUCING, EXCEPTIONALLY WELL-MAINTAINED STRIP CENTER facing highway 190 (which runs directly through the middle of DOWNTOWN HAMMOND) complete with 2 OUTBUILDINGS. ANCHORED by a host of STABLE, LONG-TERM tenants/businesses. The middle 2 bays only recently became vacant due to health-related reasons, and were occupied by a single net tenant since 2001 until earlier this year. RENTS are ALL AT OR BELOW MARKET, so there is a SIGNIFICANT VALUE-ADD OPPORTUNITY on a MAJOR COMMERCIAL CORRIDOR. Each unit has bathrooms and RELIABLE NET LEASE TENANTS that pay ON TIME AND IN FULL. Flood zone x. ~40 parking spaces in lot.
Location
State LA
County Tangipahoa
Area 1.33
Zoning MX-C
Interior
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Natural Gas Available
Garage No
Building
Water Public
New Construction No
Others
Tax ID 06080758
Listed by Berkshire Hathaway HS - Lakeview