15.42 Acres on US Hwy 90 & LA Hwy 316 in Houma

Vacant Land for Sale
Catylist Listing ID: 29725237
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Self Storage
Gross Land Area: 15.42 Acres
Sale Price: $850,000
Unit Price: $55,123 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2019

Overview / Comments

15.42 acres of prime development property just off of the booming US Highway 90 (Future I-49) Energy Corridor on LA Highway 316! The tract has elevations up to 6.7’ with the tract in current Flood Zone C & A and almost entirely in proposed Flood Zone X.

Situated at a high visibility corner, this tract is a perfect location for commercial or industrial use, a strip retail center, food franchise, hotel, convenience store/gas station, or office building! If additional acreage is needed, the same sellers currently have another 6+ acre tract on the north of US Highway 90 (see photos/map or Catylist ID: #29725219).

Residential development within a 2-mile radius includes Highland Oaks (239 residential lots being developed), Wallace J. Thibodaux Estates (final phase of 74 residential lots being developed to the 178 existing, developed lots), Northpark Subdivision (67 residential lots in Phase 1 developed), and Williamsburg Subdivision (68 residential lots in Phase 1 developed).

Nearby commercial/Industrial development at US Hwy 90 interchanges includes a new corporate headquarters for Danos, a 60-acre complex for Schlumberger, light industrial office parks with dozens of new buildings, a new plant and offices for K+B Machine and also Hunting off of Hwy 311, and a new office for Laborde Marine.

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
Side of Street: Southwest
Road Type: Highway Interchange, Highway Service Drive
Property Visibility: Excellent
Largest Nearby Street: US Highway 90 (Future I49)
Traffic/Vehicle Count: 19,000
Highway Access: Direct access to US Highway 90 (Future I-49) and LA Highway 316.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,596 20,075 40,750
Median Age: 33.46 32.56 33.76
Households: 576 7,083 14,975

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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