118 Main Project Road - 11+ Acres For Sale North of US Hwy 90

Vacant Land for Sale
Catylist Listing ID: 29944908
Property Subtypes: Industrial, Office, Residential (Single Family), Self Storage
Gross Land Area: 11.11 Acres
Sale Price: $250,000
Unit Price: $22,502 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2019

Overview / Comments

This listing of an 11+ acre tract 4.3 miles north of U.S. Highway 90 (Future I49) is suitable for commercial, industrial, or residential development. U.S. 90 West is also accessible from LA Highway 20 (5.75 miles). The tract has frontage on Main Project Road and also has a 50' wide right-of-way to Back Project Road.

Once a rural single-family tract, the property has many mature trees that have been planted. A pond site sits at the midpoint but has not been maintained for a few years. Some of the dirt excavated from the pond remains piled on a location on the property.

The entire property is in current Flood Zone C and proposed Flood Zone X. This area of Terrebonne Parish is not zoned, but some restrictions will be included in an act of sale. If additional property or frontage is needed, a family residence at 116 Main Project Road could be purchased additionally.

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.

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Tax ID/APN: R01-4832
Zoning: UNZONED
Property Located Between: US Hwy 90 & LA Hwy 20
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,121 19,552 44,057
Median Age: 39.67 33.63 34.35
Households: 403 7,189 16,361

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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