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    1517 Thomas St Hammond, LA 70401

    Sponsored
    For Sale
    $1,350,000

    High-traffic retail building, 15,260 SF

    Property size:
    15,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,260-square-foot retail property, located at 1517 W Thomas St in Hammond, LA, presents a compelling investment opportunity. Situated on a 0.98-acre lot with 50+ parking spaces, this Class C building boasts a prominent location along Highway 190, offering high visibility and convenient access to I-12 and I-55. Built in 1972, the single-story structure features three units with multiple entrances and a rear roll-up door, allowing for flexibility in tenant occupancy or subdivision. The property benefits from municipal sewer and water, three-phase power (3 * 200 Amps), and central HVAC. Its zoning (B-2) permits a variety of uses. The large lot (130 ft frontage, 326 ft depth) is located in Flood Zone X. Previously occupied for nearly 15 years by a successful consignment store, this property is a recognizable landmark in the community, close to downtown Hammond and Southeastern Louisiana University. The asking price is $1,350,000 ($88.47/sq ft).

    Property Features for 1517 Thomas St

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,260 SF
    Class
    C
    Lot Size
    42,689 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • 15,260 SF building.
    • 0.98‑acre lot.
    • 130‑foot frontage.
    • 326‑foot lot depth.
    • Located in Flood Zone X.
    • Municipal sewer and water.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.4785495
    Latitude
    30.5155207

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail building, 15,260 SF
    Where is this individual retail property located?
    The property is located at 1517 Thomas St Hammond, LA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 15,260 SF building.; 0.98-acre lot.; 130-foot frontage.
    Request Owner's contact information
    1517 Thomas St Hammond, LA 70401
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    Hammond, LA 70401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1517 Thomas St Hammond, LA 70401
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