1415-1417 W MORRIS Avenue, Hammond, Louisiana, 70403
$1,995,000
1.33 Acres
#2554036
8.6% CAP RATE AT FULL OCCUPANCY - OWNER FINANCING OPTIONS AVAILABLE
Initial 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.
PROPERTY FEATURES
- Business Type : Retail, Other
- Utilities : Natural Gas Available
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Parking Lot
- Current Use : Commercial, Retail, Other
- Zoning : MX-C
- Construction Materials: Concrete, Metal Siding, Stucco
PROPERTY DETAILS
ID: 2554036
Status: Active
Price: $1,995,000
Acres: 1.33 Acres
Price Per Acre: $1,500,000
Type: Other
Address: 1415-1417 W MORRIS Avenue
City, State: Hammond, Louisiana
County: Tangipahoa
Zip Code: 70403
Lat/Long: 30.500394, -90.476036
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