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+12252023655
Monarc Group
1415-1417 W Morris Ave, Hammond, LA 70403
- $1,995,000
- List Price
- $1,995,000
- Status
- ACTIVE
- MLS#
- 2554036
- Acres
- 1.33
- Year Built
- 2001
- Parish
- Tangipahoa
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
- Stories
- 1
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