1000 Morris St Hammond, LA 70403

Property Details for 1000 Morris St

Year built

1986

Property size

10,816 SF

Property type

Commercial real estate

Description

This exceptional 10,816 square foot, two-story commercial building is ideally situated on Highway 190 in Hammond, Louisiana, offering excellent visibility and accessibility. The property encompasses approximately half an acre (22,500 square feet) and boasts frontage on both Highway 190 and Noah James Street. The flexible design caters to a variety of uses, seamlessly blending office and warehouse space. Currently configured with 7,000 square feet of ground floor office space, 3,000 square feet of first-floor warehouse space, and an 816 square foot upstairs office area including two offices, a restroom, and a breakroom. The high vaulted ceiling (nearly 30 feet) allows for easy modification to increase warehouse capacity. The rear of the building features approximately 3,000 square feet of warehouse space with two 12' x 10' drive-in doors and a 1,000 square foot mezzanine storage deck above the offices. The property is currently occupied by multiple tenants, including a strong long-term tenant, Barrier Construction (3,785 SF), K12 Tech Repair (3,500 SF), and an additional tenant occupying 3,513 square feet (3,000 SF of first-floor flex warehouse and 513 SF of office space) plus a 1,000 square foot second-floor mezzanine. This presents a compelling investment opportunity with existing cash flow and potential for increased return on investment through lease-up of vacant space. The property offers a strong 9% cap rate. This is an ideal value-add opportunity for investors or end-users seeking flexible office/warehouse space in a prime location.

Location Insight

City

Hammond

County

Tangipahoa

State

Louisiana

Longitude

-90.4501

Latitude

30.5052