Spaces For Lease

at 1215 W Morris Ave Contact us

Available Space $9,222/Mo

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Listing Agency: Crescent Sotheby's International Realty f***@3451818.com Show Phone

Listed By: Frank Cali · License #000051187 Show Phone

Source: Lacdb.resimplifi

Added: Mar 1, 2018 Changed: Aug 28 Last Checked: Aug 29 at 6:02AM

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Investment Insights

Based on property information with market context.

This retail space comprises 33,600 square feet and is offered under a triple-net lease structure. The property is located at 1215 W Morris Ave in Hammond, Louisiana 70403.

Key Highlights

• 33,600 square feet of retail space
• Triple‑net lease structure
• Located at 1215 W Morris Ave, Hammond, LA 70403

Property Analytics

Current Use

Apria Healthcare Home Health Care Service Commercial Tire of Louisiana (Bike/Boat/Book/etc) Store Hunt Enterprise Restaurant Southern Tire Mart (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Parking Lot & Garage Acupuncture Tanning Salon Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

813

Businesses Nearby

Explore this area Business Placement

Demographics for 70403, LA

29,737

Population

13,577

Households

2.2

Avg Household Size

37

Median Age

24%

College-Educated

84%

High-School Grad

42.3 sq mi

ZIP Area

703

Density / Sq Mi

$50,547

Median Household Income

$32,603

Median Earnings

$992

Median Rent

$207,600

Median Home Value

Market

Lease Benchmarks for Hammond, LA

$13.6 /SF/Yr

Avg Asking Price

$4.2–$22 /SF/Yr

Price Range

5,400 SF

Avg Space Size

This space is priced 76% below the average of $13.6 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Commercial retail premises offered under a triple-net lease structure.

Where is this retail space located?

The property is located at 1215 W Morris Ave Hammond, LA.

What is the lease rate?

The lease rate is $9,222/Mo.

What are key features of this property?

This property features: 33,600 square feet of retail space; Triple‑net lease structure; Located at 1215 W Morris Ave, Hammond, LA 70403