5132 Hwy 311 - Vacant Lot For Sale (REDUCED!)

Vacant Land for Sale
Catylist Listing ID: 30006972
Property Subtypes: Industrial, Office, Retail, Self Storage
Gross Land Area: 1.06 Acres
Sale Price: $325,000
Unit Price: $306,603 Per Acre
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 1/10/2019

Overview / Comments

1+ acre vacant tract on LA Highway 311 between Hollywood Road and St. Charles Blvd. The property is cleared and ready for your business venture! It has excellent visibility and has a traffic count of 17,422 cars daily.

It is centrally located to many residential subdivisions plus many of the retail, commercial, and industrial areas of Houma. And by being just 8 miles south of U.S. Highway 90 (Future I49), it also provides great access for shipping and receiving needs.

Owner would also entertain a build-to-suit option if a client is interested in discussing a lease option for the site.

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.

Attachments & Media

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Zoning: I1 - LIGHT INDUSTRIAL
Property Located Between: Hollywood Road and St. Charles Blvd.
Property Visibility: Excellent
Legal Description: Lot 9 of Hollywood Industrial Subdivision plus 30.2' strip on the Western Boundary of Lot 9
Feet of Frontage: 185
Traffic/Vehicle Count: 17,422
Highway Access: Tract sits on LA Highway 311, a major traffic artery in Houma, and is approximately 8 miles south of U.S. Highway 90 (Future I49).
Lot Frontage: 185
Lot Depth: 252
Zoning Description: I1 - Light Industrial
Development Name: Hollywood Industrial Subdivision
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,001 39,468 68,018
Median Age: 45.33 36.81 35.27
Households: 331 15,316 25,409

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.