Live-Work Property with Separate
For Sale
$185,000
112 N SCANLAN Street, Hammond, LA 70401
Commercial Sale, Hammond, LA
Property Size1,210 SF
Lot Size0.32 Acres
Price / SF$152.89
Days on Market69
Property Features for 112 N SCANLAN Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MX-C
Parking
3
Parking features
Off Street
Standard status
Active
APN
01387707
Size
1,210 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
LOTS 15 & 16 SUB TRACT K VACCARO PARK SUB HAM B206 P434 B210 P235 B274 P262 B554 P445 B790 P288-289 289-291-293-329-332 B961 P677 B1453 P294-775 B1467 P628 B1619 P259 B1658 P748
Legal Description
LOTS 15 & 16 SUB TRACT K VACCARO PARK SUB HAM B206 P434 B210 P235 B274 P262 B554 P445 B790 P288-289 289-291-293-329-332 B961 P677 B1453 P294-775 B1467 P628 B1619 P259 B1658 P748
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Building materials
Brick
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Louis Williams · License #000073679
(985) 237-0712
Added: Aug 18
Changed: Oct 23
Last Checked: Oct 25 at 12:06PM
MLS# 2572469
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,210-square-foot brick live-work property was built in 1954 and includes residential rooms, a kitchen, and a full bathroom. A bright bonus room has its own exterior entrance, and a firewall and fire door are installed. The site measures 0.3213 acres and includes a covered patio, fenced yard, storage building, and driveway parking. A French drain is also in place.
Located at 112 N Scanlan Street in Hammond, the property is zoned MX-C, with up to 80% commercial use supported. Public water and public sewer serve the site.
Located at 112 N Scanlan Street in Hammond, the property is zoned MX-C, with up to 80% commercial use supported. Public water and public sewer serve the site.
Key Highlights
- MX‑C zoning allows up to 80% commercial use
- 1,210 square feet on a 0.3213‑acre lot
- Bonus room with a separate exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,529
Cap Rate
2.99%
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 9.86%
Second Best
Mixed Use
$79.0K
$69.1K – $92.2K
NOI $5,529 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$333.6K
$291.9K – $389.2K
NOI $23,349 @ 7.0% cap · market cap 12.62%
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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Cap Rate, Value Estimation, Potential NOI and more
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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 supports up to 80% commercial use, and the property has public water and sewer service.
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 $185,000.
What are key features of this property?
This property features: MX‑C zoning allows up to 80% commercial use; 1,210 square feet on a 0.3213‑acre lot; Bonus room with a separate exterior entrance
