R1 Development Tract with Residence on Hwy 316 in Houma near US Hwy 90

Vacant Land for Sale
Sale Pending
Also listed as Farm/Ranch
Catylist Listing ID: 29845374
Property Subtypes: Mobile Home Park, Residential (Single Family), Self Storage, Other
Status: Pending
Gross Land Area: 70.95 Acres
Sale Price: $595,000
Unit Price: $8,386 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2019

Overview / Comments

This listing is for two adjacent properties in Bayou Blue just 1 mile south of U.S. Highway 90 (Future I-49) on LA Highway 316 in the growing Houma-Thibodaux MSA.

The front tract is 1.697 acres with a 2,105 SF residence with 3 Bedrooms and 2 Bathrooms. This house is the perfect home to enjoy the great country while also having all the modern comforts and updates. Kitchen was fully remodeled in 2017 including a grand island, guest bathroom was fully redone in 2016 and it is super-efficient home with geothermal system installed.

There is an additional 69.25 acres of property that is pastureland and woods behind the home. Located in the heart of America’s Energy Corridor, the acreage has a highest and best use for single-family residential development. Elevation at the front of the tract is 8.1' and at the Hollywood Canal is measured to be 6.1'. This tract is dissected by the Hollywood Canal, with ~18.5 acres between Highway 316 and the canal. This tract has a 50' strip (more possible if desired) leading from the Highway. The remaining acreage runs from the canal all the way to U.S. Highway 90 and across. A survey map, dated March 3, 2010, is attached to this listing but does not include the acreage north of US Hwy 90..

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: 0110697900
Zoning: NONE
Largest Nearby Street: US Highway 90 (Future I49)
Highway Access: Tract is located on LA Highway 316 and is ~1 mile South of U.S. Highway 90 (Future I-49)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,472 21,612 42,386
Median Age: 31.09 32.66 33.62
Households: 824 7,564 15,677


Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
Photograph of Listing Agent

Jourdan Despot

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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