1702 GR CAILLOU/HWY 57 - 5.57 ACRES INDUSTRIAL/COMMERCIAL TRACT

Vacant Land for Sale
Catylist Listing ID: 28671652
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail
Gross Land Area: 5.57 Acres
Sale Price: $750,000
Unit Price: $134,649 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2019

Overview / Comments

Large tract available in an expanding area of East Houma near Munson Slip, Port of Terrebonne, Houma Airbase, and Chabert Hospital. Tract has frontage on Grand Caillou Road with additional 70’ access strip unto Picone Road. Nearby oilfield service companies include Gulf Island Fabrication, LA Ship, NOV, Schottel, K&B Machine, GulfStream Services, and many more.

This is one of the only properties fronting Grand Caillou Road in this area that has access to sewer service (which come through the Picone Road strip). It is also one of the highest tracts nearby with a center elevation of 8.2’. Traffic Counts for 2012 were 19,080 cars daily on this section of LA Hwy 57 (which is being widened to 5 lanes soon).

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has an 8 Parish retail draw of almost 450,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”. In 2014, Houma was ranked as the 2nd Happiest Place to live in the U.S. and Louisiana was ranked #1 in Business Climate by Business Facilities Magazine. That same year, the U.S. Chamber of Commerce named LA the #1 export state, the #1 state in export growth, and the #2 state for income growth per capita. Most recently in 2015, Site Selection Magazine ranked LA #4 in Business Climate, its 6th straight Top 10 ranking. The magazine also awarded LA their Silver Shovel award in 2015 for the 6th consecutive year while ranking our economic development efforts #2 in the nation. Chief Executive magazine placed LA #7 in its "Best States for Business" in 2015.

For additional information, please contact the listing agent, Hank Babin at 985-804-9991.

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Road Type: Highway
Property Visibility: Excellent
Legal Description: Revised Lot 7, Block 2, Medical Services Complex
Feet of Frontage: 365
Traffic/Vehicle Count: 19,080
Highway Access: 365' frontage of LA Highway 57, soon to be expanded to 4 lanes of traffic plus a turning lane in front of this tract.
Airports: Houma-Terrebonne Airport
Area Description: The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has a 10 Parish retail draw of almost 440,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,042 26,646 59,739
Median Age: 36.21 35.69 35.76
Households: 1,438 10,232 22,382

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.