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Spacious Retail Space in Hammond
For Lease
$10 SF/Yr

1517 W Thomas St, Hammond, LA 70401

15,260 SF retail space with high visibility.

Space SizeContact for details
Days on Market911

Property Features for 1517 W Thomas St

General Information

Standard status Active
Property subtype Retail
Zoning B-2
Lease Type NNN

Amenities

Power
Water
Sewer

Building Details

Year Built 1972

Spaces For Lease

at 1517 W Thomas St
Available Space $10/Mo
Contact us
Listing Agency: Stirling Covington/Corporate
Listed By: Bradley Cook · License #995712511
Source: Lacdb.resimplifi
Added: Apr 10, 2024 Changed: Sep 24 Last Checked: Oct 7 at 8:33AM

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 Stirling Covington/Corporate

Investment Insights

Based on property information with market context.

Located in Hammond, Louisiana, the property at 1517 West Thomas Street offers 15,260 square feet of space suitable for various uses. The building is situated a few miles from Interstate 12 and Interstate 55, providing convenient access to major transportation routes. A large sign along West Thomas Street enhances visibility. The property, formerly occupied by The Estate Center for nearly 15 years, is a recognizable landmark within the community. The current layout is subdivided into three units, featuring multiple entrances and exit points, along with a rear roll-up door. This configuration allows for multiple tenants or uses, potentially maximizing rental income or accommodating diverse business needs. The location in a vibrant part of Hammond, Louisiana, provides proximity to local amenities, businesses, and residential areas, appealing to businesses seeking a strategic location with access to a bustling community and a diverse customer base.

Key Highlights

  • Prime location in a dynamic area of Hammond, Louisiana.
  • Convenient access to Interstate 12 and Interstate 55.
  • Subdivided into three units with multiple entrances/exits and a rear roll‑up door, offering flexible use.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Plumbing Service Garden Center HVAC Service (Bike/Boat/Book/etc) 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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

742
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Hammond, LA

$15.55 /SF/Yr
Avg Asking Price
$3.29–$32.14 /SF/Yr
Price Range
8,707 SF
Avg Space Size

This space is priced 36% below the average of $15.55 /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
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Frequently Asked Questions

What type of property is this?
Retail space - 15,260 SF retail space with high visibility.
Where is this retail space located?
The property is located at 1517 W Thomas St Hammond, LA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Prime location in a dynamic area of Hammond, Louisiana.; Convenient access to Interstate 12 and Interstate 55.; Subdivided into three units with multiple entrances/exits and a rear roll‑up door, offering flexible use.
More about this property
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