Storefront Building with
For Sale
$1,144,000
113 & 117 N CYPRESS Street, Hammond, LA 70401
Commercial Sale, Hammond, LA
Property Size8,930 SF
Price / SF$128.11
Days on Market428
Property Features for 113 & 117 N CYPRESS Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MX-CBD
Parking features
Parking Lot
Standard status
Active
APN
1490818
Additional Details
Currently Operating
Yes
Corner Location
Yes
Taxes and HOA fees
Tax Description
Lots 9-10-11-12 SQ 58 H S HAM FRTG 25X125 FT LESS 10 FT ALLEY WAY, Lots 7-8 BEING IN NE COR OF SQ 58 H S HAMMOND MEAS 50X125 FT
Legal Description
Lots 9-10-11-12 SQ 58 H S HAM FRTG 25X125 FT LESS 10 FT ALLEY WAY, Lots 7-8 BEING IN NE COR OF SQ 58 H S HAMMOND MEAS 50X125 FT
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Building materials
Block, Brick
Buildings
1
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Bart A Gillis · License #000069580
(504) 915-1961
Added: Aug 22, 2025
Changed: Oct 23
Last Checked: Oct 23 at 10:06PM
MLS# 2517877
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 storefront property contains approximately 8,930 square feet of air-conditioned space and was built in 1920. The interior previously accommodated two commercial spaces and could be configured that way again. A parking lot provides 18 spaces, and the building currently serves as the Louisiana Children's Museum & Discovery Center.
Located in downtown Hammond, the property has MX-CBD zoning. Identified uses include retail, restaurant, bakery, manufacturing, office, medical office, and reception or banquet hall. Public water and sewer serve the property, and natural gas is available.
Located in downtown Hammond, the property has MX-CBD zoning. Identified uses include retail, restaurant, bakery, manufacturing, office, medical office, and reception or banquet hall. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- Approximately 8,930 square feet of air‑conditioned space
- Parking lot with 18 spaces
- Previously configured as two commercial spaces; can be divided again
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,546
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,790,920
$1.8M
Cap Rate 7%
$1,279,229
$1.3M
Cap Rate 9%
$994,956
$995.0K
Market Conditions
NOI Build-Up for 8,930 SF
Gross rent
$134.0K $15.00/SF
− Vacancy
−$6.0K −$0.68/SF
EGI
$127.9K $14.33/SF
− OpEx
−$38.4K −$4.30/SF
NOI
$89.5K $10.03/SF
Area
Tangipahoa County, LA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,790,920
Cap Rate 7%
$1,279,229
Cap Rate 9%
$994,956
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,546 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,318 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Balanced
Demand for This Use
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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 Retail in South region
Similar Off Market Nearby
- Lady Di’s Florist — 512 J W Davis Dr STE A, Hammond, LA 70403
- BIRDIE'S FLORIST — 707 W Coleman Ave C, Hammond, LA 70403
- Fleur De Lis — Hammond, LA 70403
- Hammond Florist Inc — 115 W Thomas St, Hammond, LA 70401
- Carol's Flowers Crafts & Gifts — 304 E Morris Ave, Hammond, LA 70403
Frequently Asked Questions
What type of property is this?
Storefront property - MX-CBD zoning supports retail, restaurant, office, and other commercial uses.
Where is this storefront property located?
The property is located at 113 & 117 N CYPRESS Street Hammond, LA.
What is the asking price?
The asking price for this property is $1,144,000.
What are key features of this property?
This property features: Approximately 8,930 square feet of air‑conditioned space; Parking lot with 18 spaces; Previously configured as two commercial spaces; can be divided again
