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34200446
34200452

1417 West Morris Avenue, Hammond, LA 70403

BR
995706121
$2,250,000
1 day on market
Updated 1 day ago

Income Producing Shopping Center on Highway 190

Details
Property Type Retail
Sub Type Shopping Center, Auto Shop
Square Footage 11,700
Units 7
Cap Rate 7.64%
NOI $172,000
Tenancy Multi
Class A
Year Built 2001
Acreage 1.330
Zoning MX-C
Parking Spaces 40 spaces
Parking per 1,000 SqFt 3.42
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange

About This Property

Marketing 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.

Investment highlights

-long-term stabilized income-producing investment

-on highway 190 (in the middle of DOWNTOWN HAMMOND)

-RENTS are ALL AT OR BELOW MARKET (SIGNIFICANT VALUE-ADD OPPORTUNITY)

-NNN leases

-additional billboard on-site leased out long-term

Listing Contacts

BR
995706121

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$172,000.00
$14,333.33/mo

Valuation Metrics

0
DSCR
7.64%
Cap Rate
7.64%
ROI

Map

Zoning

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MX-C MixedMixed UseMixed Use Commercial
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Last updated Mar 16, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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