1000 Morris Ave Hammond, LA 70403-4456

Property Details for 1000 Morris Ave

Year built

1986

Property size

11,116 SF

Property type

Commercial real estate

APN

1289101

APU

1289101

Description

This exceptional mixed-use investment property, located at 1000 E Morris Ave in Hammond, Louisiana, offers a compelling opportunity for investors and end-users alike. The 10,816 square foot, two-story building sits on a 0.52-acre lot with prominent Highway 190 frontage. Built in 1986 and classified as Class B, the property boasts a flexible layout ideal for various commercial uses, currently occupied by three tenants. The configuration includes approximately 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 with two offices, a restroom, and a breakroom. A 1,000 square foot mezzanine storage deck above the offices adds to the versatility. The warehouse area features two 12' x 10' drive-in doors. The high vaulted ceiling (nearly 30 feet) allows for easy modification to increase warehouse capacity. The property offers a strong 10.62% cap rate with a net operating income (NOI) of $100,800 and an asking price of $949,000. The current tenants include Barrier Construction (3,785 SF), K-12 Tech Repair (3,500 SF), and a third tenant occupying 3,513 square feet (including a 1,000 SF mezzanine). The property's zoning (Mx-C: Mixed Use Commercial) and ample parking (20 spaces) further enhance its appeal. This is a value-added opportunity with potential for increased ROI.

Location Insight

City

Hammond

County

Tangipahoa

State

Louisiana

Longitude

-90.4501

Latitude

30.5052

CBSA code

25220

CBSA name

HAMMOND, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments