331 Acres in Thibodaux for Development

Vacant Land for Sale
Catylist Listing ID: 30011756
Property Subtypes: Agricultural, Industrial, Multi-Family, Office, Residential (Single Family), Self Storage
Gross Land Area: 331 Acres
Sale Price: $5,200,000
Unit Price: $15,709 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2017

Overview / Comments

Huge tract of development acreage just West of Downtown Thibodaux that stretches from just off of Highway 1/St. Mary to Highway 3185. Over 331acres, currently all sugar cane with ~7,262 linear feet (1.375 miles) of road frontage on LA Highway 3185, Talbot Dr., Parish Rd., and Tregre Lane. It also has stub outs connecting it to 8 other Parish roads. Property could have commercial/industrial usage on the highway frontage with residential or mixed-use development on the remainder.

Property has elevations up to 14' (Google Earth) on the northern section and a majority of the land is in current Flood Zone C and Proposed Zone X.

This property can also be purchased in sections. It is currently divided into 3 smaller sections, all of which have their own respective listings in LACDB:

Entire Tract - http://www.lacdb.com/listing/30011756
51 Acres - http://www.lacdb.com/listing/30011755
90 Acres - http://www.lacdb.com/listing/30011754
189 Acres - http://www.lacdb.com/listing/30011753

This portion of Thibodaux has been expanding with single-family residential and commercial growth in recent years. It is a quick driving distance to the U.S. Highway 90/Future I-49 Energy Corridor, the Thibodaux retail corridor, Nicholls State University, and the new $73M Thibodaux Regional Wellness Center.

Additional Details

Nearest MSA: Houma-Thibodaux
County: Lafourche
Tax ID/APN: 0010074100
Zoning: UNZONED
Property Located Between: LA Highway 3185 and LA Highway 1
Property Visibility: Good
Largest Nearby Street: LA Highways 3185, 1, and 308
Feet of Frontage: 7,262
Topography: Level
Available Utilities: Electric, Water, Gas
Water Service: Municipal
Sewer Type: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,359 23,382 35,118
Median Age: 34.53 34.18 35
Households: 1,557 9,049 13,251

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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