16+ Acre Commercial Corner in Houma

Vacant Land for Sale
Catylist Listing ID: 30061093
Property Subtypes: Hospitality, Industrial, Office, Retail-Pad, Self Storage
Gross Land Area: 16.42 Acres
Sale Price: $650,000
Unit Price: $39,585 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2019

Overview / Comments

Large commercial/industrial tract at the busy intersection of Prospect St. (LA Hwy 3087) and Coteau Rd. (LA Hwy 660) in Houma. The entire listing is 16.42 acres. However, since the tract is already divided into two pieces, land splits can be made with simple lot line adjustments.

Parcel 1 on the attached map is 9.9677 acres while Parcel 2 is 6.4525 acres. Any lot line adjustment and land split will be for a negotiated price per square foot based on size and use.

The lot is mostly cleared with a few mature trees left throughout the property. An examination of the flood maps shows beneficial flood ratings on all three maps: Majority C on FIRM maps, Outside ABFE on ABFE maps, and majority X on DFIRMs.

The tract is within quick driving distance of US Highway 90 (Future I49). Traffic to and from the East (New Orleans) is ~7 miles away via Highway 182 and 3087. Traffic to and from the west (Lafayette) is ~9 miles away via Highway 24 and 660.

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: R05-28968
Zoning: UNZONED
Property Visibility: Excellent
Feet of Frontage: 2,000
Traffic/Vehicle Count: 26,080
Highway Access: ~1500' of frontage on LA Hwy 660 (Coteau Rd.) ~500' of frontage on LA Hwy 3087 (Prospect St.) US Hwy 90 East (to New Orleans) is 7 miles away via Hwy 3087 & 182 while US Hwy 90 West (to Lafayette) is 9 miles away via Hwy 660 & 24.
Airports: Houma Airbase & Heliport is 2.8 miles away
Topography: Level

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,011 25,425 61,318
Median Age: 32.63 34.39 35.46
Households: 391 9,176 22,636

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.