New Price! Motivated Seller!!!

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30164462
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 2,010 SF
Gross Land Area: 30,355 SF
Sale Price: $550,000
Unit Price: $273.63 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 2,010 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/9/2018

Overview / Comments

Great location for a restaurant/bar or other retail location to take advantage of this high traffic site. Property has existing drive-thru with excellent signage and visibility and ample parking. Former Hungry Howie’s restaurant on S Morrison Blvd aka Hwy 51 in close proximity to several fast food restaurants including Zaxby’s, Subway, Popeye’s, Raising Cane’s and Wendy’s. Next door to BP gas station and down the street from Albertson’s. Location has university traffic from Southeastern, which is less than 5 miles from site. Property proximate to Hwy 51, I-55 and 1-12.

Lot size is 30,355 sf with 42 designated parking spaces and a 2,010 sf existing building. Approved engineered plans have been drawn to expand space by 3,532 sf resulting in 5,542 sf restaurant and max of 256 occupants. Great opportunity to benefit from current owner’s planning and leg work.

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 85
Tax ID/APN: 2676661074
Zoning: C-3
Property Visibility: Excellent
Largest Nearby Street: Hwy 51
Feet of Frontage: 110
Highway Access: Property proximate to Hwy 51, I-55 and 1-12.
Tenancy: Single Tenant
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Stucco building with flat roof currently suited for restaurant space. There is a large, gated seating area that fronts S Morrison Blvd. Large signage ready to be customized for your business.
Total Parking Spaces: 42
Parking Description: Property includes 42 designated parking spaces
Zoning Description: C-3
Lot Frontage: 110
Lot Depth: 203-315
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,939 35,788 63,922
Median Age: 27.82 30.15 32.41
Households: 3,378 13,287 24,123


Photograph of Listing Agent

Janis Groetsch

RE/MAX N O Properties New Orleans, LA 70118-6021
LACDB Member
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