Catylist ID:
#30375126
3.652 Acre Commercial Corner at Prospect/Coteau
Vacant Land
for Sale
| Catylist Listing ID: | 30375126 |
| Property Subtypes: | Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail-Pad, Self Storage |
| Gross Land Area: | 3.65 Acres |
| Sale Price: | $320,000 |
| Unit Price: | $87,671 Per Acre |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/19/2024 |
Overview / Comments
|
Commercial/industrial corner at the busy intersection of Prospect St. (LA Hwy 3087) and Coteau Rd. (LA Hwy 660) in Houma. This is Tract 1 of a recently subdivided tract. Tract 1 is a 3.652 acre corner while Tract 2 on the attached map is 12.435 acres and may be suitable for commercial or residential use. A separate listing for Tract 2 is available in LACDB as 1281 Coteau Road and can be seen at the following link: http://www.lacdb.com/listing/30374856 The lot is mostly cleared with a few mature trees left throughout the property. An examination of the flood maps shows beneficial flood ratings on all three maps: Majority C on FIRM maps, Outside ABFE on ABFE maps, and majority X on DFIRMs. The tract is within quick driving distance of US Highway 90 (Future I49). Traffic to and from the East (New Orleans) is ~7 miles away via Highway 182 and 3087. Traffic to and from the west (Lafayette) is ~9 miles away via Highway 24 and 660. 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 |
| Tax ID/APN: | R05-28968 |
| Zoning: | UNZONED |
| Property Visibility: | Excellent |
| Feet of Frontage: | 791 |
| Traffic/Vehicle Count: | 26,080 |
| Highway Access: | ~295' of frontage on LA Hwy 660 (Coteau Rd.) and 496' on Prospect. US Hwy 90 East (to New Orleans) is 7 miles away via Hwy 3087 & 182 while US Hwy 90 West (to Lafayette) is 9 miles away via Hwy 660 & 24. |
| Airports: | Houma Airbase & Heliport is 2.8 miles away |
| Topography: | Level |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,011 | 23,651 | 61,318 |
| Median Age: | 32.63 | 34.34 | 35.46 |
| Households: | 391 | 8,499 | 22,636 |
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