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$ 2,100,000
Est. payment /mo
Price Dropped by $150K
1415-1417 W MORRIS AVE Hammond, LA 70403
1.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Not A Subdivision
MLS Listing ID 2554036
HOA Y/N No
Year Built 2001
Lot Size 1.330 Acres
Acres 1.33
Property Description
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 last month. 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
Zoning MX-C
Interior
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Accessibility Accessibility Features
Building
Lot Description City Lot, Oversized Lot
Dwelling Type Other,Retail
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Others
Tax ID 06080758
Special Listing Condition None
Listed by Berkshire Hathaway HomeServices Preferred, REALTOR
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