Catylist ID:
#30722843
5.5 Acre Subdividable Hard Lit Corner on MLK in Houma
Vacant Land
for Sale
| Catylist Listing ID: | 30722843 |
| Property Subtypes: | Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other |
| Gross Land Area: | 0.50 - 5.52 Acres |
| Sale Price: | $3,850,000 |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/9/2024 |
Overview / Comments
|
5.523 acre, hard lit corner located on the Houma-Thibodaux MSA's major retail corridor of Martin Luther King Blvd. The property is available to purchase as a whole or subdivided into smaller sections (subject to $/SF negotiation). Zoned C2 - General Commercial, this tract is located on one of the most desired corners in Terrebonne Parish. Property has 331' of frontage on MLK Blvd. and 714' of frontage on Westside Blvd. (a new traffic artery connector between the mixed-use area of Park & Main to the Highway 311 residential corridor). Martin Luther King Blvd. is a multi-Parish retail hub featuring numerous national and regional retailers, restaurants, franchises, auto dealers, and medical users. Wal-Mart, Target, Sam's Club, Home Depot, Lowe's Academy, Best Buy, PetSmart, Hobby Lobby, Rouse's, Honda, Nissan, Harley Davidson, Chick-fil-A, Starbucks, McDonalds, Burger King, IHOP, Arby's Mooyah, Chili's, Hooters, Olive Garden, Outback, Smoothie King all rely on the strong traffic count and retail draw of MLK Blvd. Please note that the Seller has additional tracts available on Martin Luther King ranging from 3.5 to 25 acres (and subdividable) as well as the hard lit corner of Highway 311 and Savanne Road. All listings are available for viewing within LACDB. For additional information, please contact agent Logan "Hank" Babin, III. |
Attachments & Media
Additional Details
| Nearest MSA: | Houma-Thibodaux |
| County: | Terrebonne |
| Tax ID/APN: | R03-16725 |
| Zoning: | C2 - GENERAL COMMERCIAL |
| Largest Nearby Street: | LA Hwy 3040 (Martin Luther King Blvd.) |
| Feet of Frontage: | 1,045 |
| Traffic/Vehicle Count: | 28,886 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,210 | 40,994 | 68,284 |
| Median Age: | 35.66 | 36.21 | 35.45 |
| Households: | 2,622 | 15,879 | 25,522 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |
