Corner Commercial Land with Brick
For Sale
$425,000
300 N Cate St, Hammond, LA 70401
MX-CBD-zoned corner property with an existing brick structure and access from two public streets.
Property Size6,500 SF
Price / SF$65.38
Days on Market92
Property Features for 300 N Cate St
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Investment
Zoning
MX-CBD
Amenities
Power
Water
Sewer
Vacant
Building Details
Year Built
1930
Listing Agency:
Realty Executives Florida Parishes
Listed By:
Sam DiVittorio · License #995688138
(985) 320-0263
Source:
Lacdb.resimplifi
Added: Jul 14
Changed: Oct 7
Last Checked: Oct 12 at 4:36PM
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 Realty Executives Florida Parishes
Investment Insights
Based on property information with market context.
This MX-CBD-zoned commercial land includes an existing brick structure built in 1930. The corner configuration provides frontage along N. Cate Street and East Charles Street, with the building offering a physical base for redevelopment or reuse. The site is positioned for mixed-use, retail, restaurant, office, entertainment, brewery, or event-center concepts supported by the stated zoning and existing improvements.
At 300 N Cate St, the property is located a short distance from Downtown Hammond, the Historic District, the Amtrak Station, restaurants, shopping, and Southeastern Louisiana University. The parcel contains 6,500 square feet and occupies a prominent intersection within Hammond’s commercial corridor.
At 300 N Cate St, the property is located a short distance from Downtown Hammond, the Historic District, the Amtrak Station, restaurants, shopping, and Southeastern Louisiana University. The parcel contains 6,500 square feet and occupies a prominent intersection within Hammond’s commercial corridor.
Key Highlights
- 6,500‑square‑foot commercial land parcel at 300 N Cate St
- MX‑CBD zoning
- Existing brick structure built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,702
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,040
$594.0K
Cap Rate 7%
$424,314
$424.3K
Cap Rate 9%
$330,022
$330.0K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$53.0K $8.16/SF
− Vacancy
−$5.5K −$0.85/SF
EGI
$47.5K $7.31/SF
− OpEx
−$17.8K −$2.74/SF
NOI
$29.7K $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%
$594,040
Cap Rate 7%
$424,314
Cap Rate 9%
$330,022
Alternative Uses
Best Use
Retail
$931.1K
$814.7K – $1.09M
NOI $65,179 @ 7.0% cap · market cap 15.34%
Second Best
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,702 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,428 @ 7.0% cap · market cap 29.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,049
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - MX-CBD-zoned corner property with an existing brick structure and access from two public streets.
Where is this commercial land located?
The property is located at 300 N Cate St Hammond, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 6,500‑square‑foot commercial land parcel at 300 N Cate St; MX‑CBD zoning; Existing brick structure built in 1930
