Cleared Light Industrial Development
For Sale
Contact for pricing
Pending
500 N Morrison Blvd, Hammond, LA 70401
Approximately 2.525 acres of cleared, filled land with frontage on N. Morrison Blvd, including an income-producing leased cell tower site.
Property SizeContact for details
Lot Size2.53 Acres
Days on Market141
Property Features for 500 N Morrison Blvd
General Information
Standard status
Pending
Lot size
2.53 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
The Industrial Group, LLC
(504) 569-9412
Listed By:
Trimble Green · License #38278
Source:
Crexi
Added: Apr 11
Changed: Aug 24
Last Checked: Aug 28 at 10:37AM
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 The Industrial Group, LLC
Investment Insights
Based on property information with market context.
Approx. 2.525 acres of commercial/light industrial land fronting on N. Morrison Blvd (US Hwy. 51). The site is cleared and filled and is ready for development.
The eastern portion of the property, comprising approximately +/- 38,380 sf, is leased to MCI Communication Services, Inc. and includes a cell tower site, with rental income passing to the Buyer. The current rental is $33,000 per year, and four options remain, each with a rental increase.
The property’s configuration includes the leased tower area along with additional undeveloped land, providing space for future development while maintaining existing lease income.
The eastern portion of the property, comprising approximately +/- 38,380 sf, is leased to MCI Communication Services, Inc. and includes a cell tower site, with rental income passing to the Buyer. The current rental is $33,000 per year, and four options remain, each with a rental increase.
The property’s configuration includes the leased tower area along with additional undeveloped land, providing space for future development while maintaining existing lease income.
Key Highlights
- Approximately 2.525 acres commercial/light industrial land fronting N. Morrison Blvd (US Hwy 51).
- Cleared and filled, ready for development.
- Eastern portion (+/- 38,380 SF) leased to MCI Communication Services, Inc. with a cell tower site.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
808
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - Approximately 2.525 acres of cleared, filled land with frontage on N. Morrison Blvd, including an income-producing leased cell tower site.
Where is this industrial land located?
The property is located at 500 N Morrison Blvd Hammond, LA.
What are key features of this property?
This property features: Approximately 2.525 acres commercial/light industrial land fronting N. Morrison Blvd (US Hwy 51).; Cleared and filled, ready for development.; Eastern portion (+/- 38,380 SF) leased to MCI Communication Services, Inc. with a cell tower site.
