Live-Work Property with Separate-Entry Bonus
For Sale
$189,999
112 N Scanlan Street, Hammond, LA 70401
MX-C zoning allows up to 80% commercial use, supporting a combined residential and business setting.
Property Size1,210 SF
Price / SF$157.02
Days on Market67
Property Features for 112 N Scanlan Street
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Commercial
Zoning
MX-C
Building Details
Building Size
1,210 SF
Year Built
1954
Stories
1
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Aug 18
Changed: Oct 23
Last Checked: Oct 23 at 5:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
This 1,210-square-foot live-work property in Hammond includes a living area, kitchen, additional rooms, and a full bathroom. A bright bonus room has its own exterior entrance, and a firewall with a fire door is installed. Interior features include tile flooring and multiple windows. The building dates to 1954.
The property is zoned MX-C, with up to 80% commercial use permitted. Outside, a covered patio faces a fenced backyard with mature shade trees. A storage building, driveway parking, and a French drain are also present.
The property is zoned MX-C, with up to 80% commercial use permitted. Outside, a covered patio faces a fenced backyard with mature shade trees. A storage building, driveway parking, and a French drain are also present.
Key Highlights
- 1,210 square feet
- MX‑C zoning allows up to 80% commercial use
- Separate exterior entrance serves the bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,529
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,580
$110.6K
Cap Rate 7%
$78,986
$79.0K
Cap Rate 9%
$61,433
$61.4K
Market Conditions
NOI Build-Up for 1,210 SF
Gross rent
$9.9K $8.16/SF
− Vacancy
−$1.0K −$0.85/SF
EGI
$8.8K $7.31/SF
− OpEx
−$3.3K −$2.74/SF
NOI
$5.5K $4.57/SF
Area
Tangipahoa County, LA
Vacancy
10.40%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,580
Cap Rate 7%
$78,986
Cap Rate 9%
$61,433
Alternative Uses
Best Use
Office B
$260.6K
$228.0K – $304.0K
NOI $18,241 @ 7.0% cap · market cap 9.60%
Second Best
Mixed Use
$79.0K
$69.1K – $92.2K
NOI $5,529 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$333.6K
$291.9K – $389.2K
NOI $23,349 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
Business Placement
Demographics for 70401, LA
21,014
Population
10,321
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
88%
High-School Grad
34.7 sq mi
ZIP Area
606
Density / Sq Mi
$50,995
Median Household Income
$31,405
Median Earnings
$977
Median Rent
$226,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - MX-C zoning allows up to 80% commercial use, supporting a combined residential and business setting.
Where is this live-work space located?
The property is located at 112 N Scanlan Street Hammond, LA.
What is the asking price?
The asking price for this property is $189,999.
What are key features of this property?
This property features: 1,210 square feet; MX‑C zoning allows up to 80% commercial use; Separate exterior entrance serves the bonus room
