3.9 Acre Retail Site on Martin Luther King in Houma

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30090284
Property Subtypes: Retail, Retail-Pad
Status: Pending
Gross Land Area: 3.90 - 5.40 Acres
Sale Price: $1,750,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2019

Overview / Comments

This is a prime retail/commercial lot on Houma's Martin Luther King Blvd. retail corridor. It lies directly across from the Houma Crossing regional shopping center and is the closest available tract to the main national retailers and restaurants on MLK.

Nearby shopping and dining destinations include: WalMart, Sam's Club, Lowe's, Home Depot, Target, Old Navy, Office Depot, Best Buy, Bed,Bath,& Beyond, PetSmart, Kohl's, Marshall's, Pier 1, Hobby Lobby, Academy, Buffalo Wild Wings, Chick-fil-A, Raising Canes, Starbucks, Olive Garden, Outback, Chipolte, Texas Roadhouse, McDonalds, Hooters, Chili's and many more.

This tract is +/- 5.4 acres total but only 3.9 acres is cleared land. The remaining ~1.5 is drainage detention pond. A plat map can be found on the attachments to this listing.

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
Tax ID/APN: R03-16725
Property Visibility: Excellent
Largest Nearby Street: LA Hwy 3040 (Martin Luther King Blvd.)
Feet of Frontage: 163
Traffic/Vehicle Count: 30,642
Site Description: +/- 5.4 Acres total with 3.9 acres being a cleared retail site and the remainder is detention pond.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,481 42,693 69,781
Median Age: 34.37 36.22 35.39
Households: 3,962 16,518 26,027


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.