1110 C M Fagan DrHammond, LA 70403

Property Details for 1110 C M Fagan Dr

Year built

2006

Lot size

0.75 AC

Property size (Sq ft)

2,436 SF

Property type

Commercial real estate

APN

5987792

APU

5987792

Description

This turnkey bar opportunity in Hammond, LA, presents a unique investment. The property includes two buildings totaling 5,600 square feet on a 0.75-acre lot zoned MX-C. Building 1 (60' x 40') is fully insulated with multiple AC units (installed 2018, 2022, and 2023), two restrooms, double glass entry doors, a roll-up door, and two manway doors. A 20' x 40' breezeway, shared with a neighboring business, provides additional space. Building 2 (160' x 20') is uninsulated and offers a large open area with seven roll-up doors and two manway doors, potentially divisible into individual bays. One 20' x 20' bay is separately accessed. The neighboring business leases three bays in Building 2. The property also features approximately 10,000 square feet of parking (2,500 sq ft concrete, 7,500 sq ft gravel). This sale includes the property, buildings, and all equipment. The asking price is $500,000 ($89.29/sq ft). Located on CM Fagan Dr, it's conveniently close to Hammond Square, Downtown Hammond, and Southeastern Louisiana University. Detailed brewery information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $387,083

  6.5%

  $357,307

  7%

  $331,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $185,820

  Geo Method

  $173,175

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $697,331

  Retail / Commercial

  $358,787

  Mixed-Use / Specialty

  $358,453

  Hospitality / Lodging

  $264,215

  Office

  $357,307

  Institutional / Educational

  $372,984

  Residential Income

  $436,391

  Multifamily

  $518,146

  Automotive / Energy

  $319,701

  Parking / Income-Based Land

  $109,391

  Restaurant / Food Service

  $188,450

  Healthcare / Senior Housing

  $366,618

Location Insight

City

Hammond

County

Tangipahoa

State

Louisiana

Latitude

30.4831

Longitude

-90.4705

CBSA code

25220

CBSA name

HAMMOND, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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