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(504) 715-0732
United Real Estate Partners
1415-1417 W Morris Ave, Hammond, LA 70403
- $1,995,000
- List Price
- $1,995,000
- MLS#
- 2554036
- Status
- ACTIVE
- Type
- Commercial
- Stories
- 1
- Acres
- 1.33
- Parish
- Tangipahoa
- Subdivision
- Not a Subdivision
Property Description
<p style="color:red">8.6% CAP RATE AT FULL OCCUPANCY - OWNER FINANCING OPTIONS AVAILABLE<p style="color:green">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.
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Additional Information
- Sewer
- Public Sewer
- Water
- Public
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Listing courtesy of Berkshire Hathaway HS - Lakeview.
IDX information is provided exclusively for consumers’ personal and non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.