1415-1417 W MORRIS AvenueHammond, LA 70403




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Enter an interest rate to see your estimated monthly payment.<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.
| 2 months ago | Price changed to $1,995,000 | |
| 2 months ago | Listing updated with changes from the MLS | |
| 6 months ago | Listing first seen on site |
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