Development Acreage in Houma-Thibodaux MSA

Vacant Land for Sale
Catylist Listing ID: 29924204
Property Subtypes: Agricultural, Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Self Storage
Gross Land Area: 292.01 Acres
Sale Price: $6,250,000
Unit Price: $21,403 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2019

Overview / Comments

Come take advantage of this unique opportunity to shape the growing Houma-Thibodaux MSA with up to 292 acres available to purchase in Terrebonne Parish. This tract lies just south of Thibodaux and north of US Highway 90 (Future I-49) and offers a variety of development choices from single-family residential, multi-family residential, commercial, retail, industrial, and/or hospitality.

Property can be purchased in whole or in part. Features include:

- Total of +/- 292.01 acres in Terrebonne Parish in this listing
- +/- 165 acres of agricultural sugar cane land with 127 acres of wooded area
- Traffic count of 29,102 cars per day (measured in 2010)
- +/- 1,450 acres available in Terrebonne & Lafourche Parishes from same owner
- One of the last chances to buy development acreage in the area
- Google Earth elevations listed up to 14' on many of the tracts
- Much of the property is in Flood Zone C and Proposed Flood Zone X
- Just 4 miles North of U.S. Highway 90
- Almost 3,645 linear feet of road frontage and visibility

The immediate vicinity of this tract has recently seen the announcement of a new Wal-Mart Neighborhood Market and an office/medical subdivision (land purchased at $60K per acre for developable acres).

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
Tax ID/APN: R01-7760

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,302 28,288 42,461
Median Age: 27.39 34.66 34.39
Households: 443 10,663 15,785

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.