All-Brick Downtown Corner Retail
317 S CATE Street Hammond, LA 70403
For Sale
$1,500,000
COMMERCIAL - Hammond, LA
Property Size12,007 SF
Lot Size1.00 Acre
Price / SF$124.93
Days on Market1223
Property Features for 317 S CATE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MX-CBD
Parking features
Off Street
Standard status
Active
APN
1445200
Size
12,007 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
S1/2 OF SQ 76 H S HAMM FRTG 150 FT ON EAST RR AVE X 250 FT ON COLEMAN AVE HAMMOND
Utilities
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Listing Agency:
Realty Executives Florida Parishes
(985) 956-7477
Listed By:
SAM DIVITTORIO · License #995688138
(985) 320-0263
Added: Mar 24, 2023
Changed: Jul 24
Last Checked: Jul 28 at 6:06PM
MLS# 2386194
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This downtown commercial property offers 12,007 square feet of all-brick space on a 1-acre double-corner lot. The exterior has been updated with a new roof, and the building includes a private parking lot with 40+ parking spaces.
The site is located at the corner of Cate St/Coleman Ave and also at the corner of Coleman Ave/S Cypress St in Hammond, Louisiana. The property is zoned MX-CBD.
The layout and use are described as flexible, with potential for a corporate office, event hall, or neighborhood grocery store. Additional parking may be supported by an adjacent half corner lot that is listed for sale as well.
The site is located at the corner of Cate St/Coleman Ave and also at the corner of Coleman Ave/S Cypress St in Hammond, Louisiana. The property is zoned MX-CBD.
The layout and use are described as flexible, with potential for a corporate office, event hall, or neighborhood grocery store. Additional parking may be supported by an adjacent half corner lot that is listed for sale as well.
Key Highlights
- 12,000 SF commercial building downtown Hammond on a 1‑acre double corner lot
- All‑brick exterior with a new roof
- Zoned MXCBD
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.1k | $15.00 |
| − Vacancy | −$8.1k | −$0.68 |
| EGI | $172.0k | $14.33 |
| − OpEx | −$51.6k | −$4.30 |
| NOI | $120.4k | $10.03 |
12,007 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.59M
$2.26M – $3.02M
NOI $181,011 @ 7.0% cap · market cap 12.07%
Second Best
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $165,120 @ 7.0% cap · market cap 11.01%
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,694 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - All-brick commercial building on a 1-acre double-corner lot with a private parking lot supporting 40+ spaces.
Where is this grocery and convenience store located?
The property is located at 317 S CATE Street Hammond, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12,000 SF commercial building downtown Hammond on a 1‑acre double corner lot; All‑brick exterior with a new roof; Zoned MXCBD
