Houma Development Acreage - 234.5 Acres near US Hwy 90

Vacant Land for Sale
Catylist Listing ID: 29648696
Property Subtypes: Industrial, Residential (Single Family)
Gross Land Area: 234.46 Acres
Sale Price: $3,275,000
Unit Price: $13,968 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/10/2018

Overview / Comments

This listing is for 234.46 acres of property just 2 miles south of U.S. Highway 90 (Future I-49) on LA Highway 316 in the growing Houma-Thibodaux MSA. Located in the heart of America’s Energy Corridor, the acreage could be used for single-family residential development, commercial/industrial development, or a single large acreage residential tract.

The property is dissected by the Hollywood Canal, with 89.33 surveyed acres between Highway 316 and the canal. This tract has 1,182.9' of frontage along the highway. The remaining acreage runs from the canal all the way to U.S. Highway 90 and across. A survey map, dated October 15, 2008, is attached to this listing. Since that map was drawn, a 1.5 acre pad site was sold for a new, modern fire station.

Any development on the property will soon have direct access to Houma's retail corridor on MLK. Nearby Bayou Gardens Extension will be completed in late 2016 and will offer Bayou Blue residents a quicker driving time to shopping and restaurants. See Aerial 2 in photos for the exact location of the new road.

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,776 47,707
Median Age: 32.62 34.44
Households: 7,810 17,911

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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