1415-1417 W MORRIS Avenue Hammond, LA $ 1,995,000
1415-1417 W MORRIS Avenue
$ 1,995,000
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1415-1417 W MORRIS Avenue

Hammond, LA, 70403
$ 1,995,000
Bedrooms-- Baths--

Monthly Estimate*

$ 13,779

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Commercial Property for sale in Hammond, LA

for $1,995,000. This building was built in 2001 on a lot size of 1.33.

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.

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Commercial Active

Price

$ 1,995,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial

Lot Size

1.33

Year Built

2001

Town/City

Hammond

County/Region

Tangipahoa

MLS | Web ID

2554036

Features
General
Sewer Public Sewer
Utilities Natural Gas Available
Zoning MX-C
Construction Materials Concrete Metal Siding Stucco
Year Built 2001
Tenant Pays All Utilities Insurance Janitorial Service
Stories Count 1
Property Subtype Commercial
Current Use Commercial Retail Shopping Center Other
Parcel Number 06080758
Business Type Retail
County Tangipahoa
Property Type Commercial Sale
Attached Garage N
Subdivision Name Not a Subdivision
Possible Use Retail Shopping Center Other
Status Active
City Hammond
Disclosures Property As Is
Lot Size Units Acres
Lot Size Square Feet 57934.8
Land Lease Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Year Built Source Builder
Legal Description 1.33A TOTAL 0.40A BEING LOT 1 & 0.93A BEING LOT 2 OF SURVEY IN SEC 26 T6SR7E B926 P37 MAP 926/39 928/483 1345/111 1346/78
Senior Community None
New Construction None
Year Built Effective 2001
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features Parking Lot
Water Source Public
Inclusions Building Land
Lot Size Area 1.33
Spa N
Lot Dimensions 83+53+75+63+10/241 x 324/206
Lot Size Acres 1.33
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Total Baths 0
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Internal Only
Street Number 1 14151417
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* Excluded Features
List By
Blake A Rose

Listing Agent

Affordability Calculator

$13,779
Per Month
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Monthly Principal & Interest
$13,779
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5583192 Elementary School
5584917 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/13/2026$1,995,000 Listed Price

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1415-1417 W MORRIS Avenue, Hammond, LA, 70403 is a Commercial Property for sale at $1,995,000 with a lot size of 1.33. 1415-1417 W MORRIS Avenue was built in 2001. The property's zip code is 70403 which is in Hammond, LA