Main Project Rd. Acreage in Houma-Thibodaux MSA

Vacant Land for Sale
Catylist Listing ID: 29994057
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage
Gross Land Area: 121.62 Acres
Sale Price: $4,250,000
Unit Price: $34,944 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/10/2018

Overview / Comments

Come take advantage of this unique opportunity to shape the growing Houma-Thibodaux MSA with up to 121.62 acres available to purchase in Terrebonne and Lafourche Parishes. This tract lies just south of Thibodaux and north of US Highway 90 (Future I-49) and offers a variety of development choices from single-family residential, multi-family residential, commercial, retail, industrial, and/or hospitality.

Property can be purchased in whole or in part. Features include:

- Total of +/- 121.62 acres in Terrebonne Parish in this listing
- Almost all of the land is currently agricultural sugar cane
- 2,556 linear feet of road frontage on East side of Main Project Road
- Adjacent land on West side of N. Main Project Road is available and is +/- 548 acres
- Traffic count of 7,227 cars per day (measured in 2014)
- +/- 1,450 acres available in Terrebonne & Lafourche Parishes from same owner
- One of the last chances to buy development acreage in the area
- Google Earth elevations listed up to 13' on many of the tracts
- Much of the property is in Flood Zone C and Proposed Flood Zone X
- Just 4 miles North of U.S. Highway 90

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
Zoning: UNZONED
Property Located Between: Houma and Thibodaux
Property Visibility: Excellent
Feet of Frontage: 2,556
Traffic/Vehicle Count: 7,227

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,302 25,580 37,948
Median Age: 27.39 34.65 34.81
Households: 443 9,727 14,236

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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