Property profile

1300 Morrison Blvd Hammond, LA 70401

OFF-MARKET
Commercial real estate
Property ID
US36-1201233
15,108 SF 1.44 ac lot Built 2005
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4.4-acre commercial and industrial property, located at 1300 N Morrison Blvd in Hammond, Louisiana, presents a unique investment opportunity. Boasting 15,108 square feet of space and a prominent 200-foot frontage on North Morrison Boulevard, one of Hammond's busiest thoroughfares, this Class C property offers significant potential. Built in 2005, the single-story building sits on a large lot, providing ample room for expansion or redevelopment. The asking price is $1,200,000, translating to $6.26 per square foot. The property's strategic location between Hammond's main retail area and Southeastern Louisiana University ensures high visibility and accessibility. This versatile site is ideal for various uses and offers flexible options including development, sale, lease, ground lease, and build-to-suit opportunities. Included in the sale is existing affordable home furnishings. The property's zip code is 70401. This is a prime opportunity to capitalize on a high-traffic location in a growing market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Total area 15,108 SF
Lot 1.44 ac (62,726 SF)
APN 1486608
UPID US36-1201233

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Interior Design
  • Furniture & Home Goods Home Decor Store
  • Loan Service

Location

1300 Morrison Blvd Hammond, LA 70401-2208
Hammond metro Census 954200 HAMMOND, LA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.06M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$1.37M

Owner & transaction history

since 2013
2 recorded transactions
2013
$1.1M
2013
$1.6M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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