105 Thomas StHammond, LA 70401

  • Other commercial real estate
  • 3,185 SF
For Sale
$1,250,000 View listing

Property Details for 105 Thomas St

Year built
1943
Lot size
0.06 AC
Property size (Sq ft)
3,185 SF
Property type
Other commercial real estate
APN
1543202
APU
1543202

Description

This exceptional commercial property, located at 105 W Thomas Street in the heart of Downtown Hammond, Louisiana, presents a unique investment opportunity. The building boasts a substantial 5,000 square feet of versatile space, ideally suited for a variety of commercial uses. The main level encompasses 3,250 square feet, featuring an open-concept office layout perfect for modern businesses. A large conference room provides ample space for meetings and presentations, complemented by a convenient kitchenette and two well-appointed bathrooms. A 750-square-foot mezzanine adds extra flexibility and potential for expansion or specialized workspace. Upstairs, a separate 1,750-square-foot area comprises three residential apartments: two one-bedroom, one-bathroom units and one two-bedroom, two-bathroom unit, offering additional income potential or the possibility of owner-occupied space. This prime location in Downtown Hammond ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The asking price is $1,250,000. The property sits on a lot with no acreage specified. This is a rare opportunity to acquire a substantial commercial building with significant upside potential in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $511,097
    Hospitality
    $468,162
    Educational
    $389,506
    Medical
    $402,901
    Retail
    $605,898
105 Thomas St, Hammond, Louisiana

Location Insight

City
Hammond
County
Tangipahoa
State
Louisiana
Latitude
30.5038
Longitude
-90.4616
CBSA code
25220
CBSA name
HAMMOND, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,846
$6,500
$43,092
$49,592
-
$65,000
$287,286
$352,286

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