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Medical Office Space with Surgical Suite
For Sale
Contact for pricing
Pending

42131 Veterans Ave., Hammond, LA 70403

Two medical facilities provide surgical, clinic, and patient-care areas with dedicated support rooms.

Property Size7,786 SF
Lot Size1.76 Acres
Days on Market144

Property Features for 42131 Veterans Ave.

General Information

Standard status Pending
Size 7,786 SF
Lot size 1.76 Acres
Property subtype Office
Occupancy 100%

Additional Details

Cap Rate 8.1%
Road Access Yes

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Latter & Blum Inc./Realtors Mandeville
Listed By: Lori Hahn · License #MS
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:54PM

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 Latter & Blum Inc./Realtors Mandeville

Investment Insights

Based on property information with market context.

This 7,786-square-foot medical office property includes an outpatient surgical suite and a separate medical clinic facility. The 4,272-square-foot surgical component provides two operating rooms, six pre-op/post-op patient bays, a substantial waiting area, assessment space, nurses’ station, scrub room, offices, kitchenette, bathrooms, and storage areas. Surgical equipment is included in the sale. The 3,514-square-foot clinic contains eight exam rooms, two nurses’ stations, a lab, offices, kitchen, checkout bays, bathrooms, and additional storage.

The property occupies 1.76 acres, including an adjacent lot, with 232 feet of frontage along Veterans Ave. Site improvements include a concrete parking area and covered drop-off area. The facility is located at 42131 Veterans Ave. in Hammond, Louisiana, near North Oaks Hospital. The property is 100% leased, and the tenants have occupied the building for 11 years. The reported cap rate is 8.1%.

Key Highlights

  • 7,786 SF medical office building on 1.76 acres
  • 4,272 SF outpatient surgical suite with 2 operating rooms and 6 pre‑op/post‑op patient bays
  • 3,514 SF medical clinic with 8 exam rooms, 2 nurses’ stations, and 1 lab room

Property Analytics

Current Use

Dr. Ayman A. Hamed, ... Physician Mohamed Elkersh Physician Advanced Pain Institute Physician Comprehensive Neurological Solutions Medical Clinic Advanced Brain and Spine ... Medical Clinic

Suggested Use

Top Pick Auto Parts Store Law Firm Building Supply Big Box & Wholesale Store Real Estate Agency Parking Lot & Garage

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

100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

842
Businesses Nearby
Well-served
Demand for This Use

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Similar Off Market Nearby

  • Brandywine Valley SPCA | Tangi Wellness Clinic 15487 W Club Deluxe Rd, Hammond, LA 70403

Frequently Asked Questions

What type of property is this?
Medical Office Space - Two medical facilities provide surgical, clinic, and patient-care areas with dedicated support rooms.
Where is this medical office space located?
The property is located at 42131 Veterans Ave. Hammond, LA.
What are key features of this property?
This property features: 7,786 SF medical office building on 1.76 acres; 4,272 SF outpatient surgical suite with 2 operating rooms and 6 pre‑op/post‑op patient bays; 3,514 SF medical clinic with 8 exam rooms, 2 nurses’ stations, and 1 lab room
More about this property
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