Mixed-Use Commercial
2280 Old Baton Rouge Hwy, Hammond, LA 70403
For Sale
$249,000
Zoned for mixed use within Hammond city limits.
Property Size2,105 SF
Price / SF$118.29
Days on Market10
Property Features for 2280 Old Baton Rouge Hwy
General Information
Standard status
Size
Zoning
Taxes and HOA fees
Annual Taxes
Listing Agency:
Southeastern Real Estate Partners
(985) 345-3090
Listed By:
Rene J McLin
(985) 634-7904
Source:
Exprealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 6 at 1:19PM
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 Southeastern Real Estate Partners
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Investment Insights
Based on property information with market context.
This commercial building is zoned for mixed use and is located within Hammond city limits. The property is at 2280 Old Baton Rouge Hwy in Hammond, Louisiana.
Key Highlights
- Mixed‑use zoning
- Located at 2280 Old Baton Rouge Hwy in Hammond, Louisiana
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,619
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,380
$192.4K
Cap Rate 7%
$137,414
$137.4K
Cap Rate 9%
$106,878
$106.9K
Market Conditions
NOI Build-Up for 2,105 SF
Gross rent
$17.2K $8.16/SF
− Vacancy
−$1.8K −$0.85/SF
EGI
$15.4K $7.31/SF
− OpEx
−$5.8K −$2.74/SF
NOI
$9.6K $4.57/SF
Area
Tangipahoa County, LA
Vacancy
10.40%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,380
Cap Rate 7%
$137,414
Cap Rate 9%
$106,878
Alternative Uses
Best Use
Mixed Use
$137.4K
$120.2K – $160.3K
NOI $9,619 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.3K
$507.7K – $677.0K
NOI $40,619 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
727
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Zoned for mixed use within Hammond city limits.
Where is this mixed-use property located?
The property is located at 2280 Old Baton Rouge Hwy Hammond, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Mixed‑use zoning; Located at 2280 Old Baton Rouge Hwy in Hammond, Louisiana
