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Multi-Unit Retail Space
For Lease
$9,222/Mo NNN

1213 W Morris Avenue #A&B, Hammond, LA 70403

Commercial zoning and flexible leasing allow the two units to be occupied together or separately.

Space SizeContact for details
Property Size10,200 SF
Days on Market3159

Property Features for 1213 W Morris Avenue #A&B

General Information

Standard status Active
Size 10,200 SF
Zoning Com
Lease Type NNN

Additional Details

Divisible Yes

Building Details

Building Size 10,200 SF
Year Built 1998
Stories 1
Listing Agency: Cypress Key Realty LLC
Listed By: Christopher Romero
Source: Cypresskeyrealty
Added: Mar 1, 2018 Changed: Oct 23 Last Checked: Oct 23 at 3:12PM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Units A and B form a 10,200-square-foot retail space in Hammond, Louisiana. The property was built in 1998 and is zoned Com.

The units are available together or individually under a triple-net lease structure.

Key Highlights

  • 10,200 SF of retail space
  • Units A and B can be leased together or separately
  • Built in 1998

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Veterinary Clinic Tanning Salon Kitchen & Bath Showroom Grocery & Convenience Store

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Hammond, LA

$15.8 /SF/Yr
Avg Asking Price
$3.29–$32.14 /SF/Yr
Price Range
8,137 SF
Avg Space Size

This space is priced 31% below the average of $15.8 /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

Frequently Asked Questions

What type of property is this?
Retail space - Commercial zoning and flexible leasing allow the two units to be occupied together or separately.
Where is this retail space located?
The property is located at 1213 W Morris Avenue #A&B Hammond, LA.
What is the lease rate?
The lease rate is $9,222/Mo.
What are key features of this property?
This property features: 10,200 SF of retail space; Units A and B can be leased together or separately; Built in 1998
More about this property
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