$1,995,000
1415-1417 W MORRIS Avenue, Hammond LA, 70403
Overview
Active
Listed May 4, 2026
Updated 9 days ago
8.6% CAP RATE AT FULL OCCUPANCY - OWNER FINANCING OPTIONS AVAILABLE
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.
Listing Contact: (504) 945-5522
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Data last updated 3:59 AM UTC, 10/2/2026
