Downtown Houma Renovation Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30328541
Property Subtypes: Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 1,997 SF
Gross Land Area: 5,742 SF
Sale Price: $175,000
Unit Price: $87.63 PSF
Ceiling: 12 ft.
Property Use Type: Business
Usable Size (USF): 1,997 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/15/2018

Overview / Comments

Large building on corner lot in high traffic downtown area ready for you to build out. Building is gutted and anticipates your renovation! Backs on to Bayou Terrebonne and at the corner of Lafayette St bridge. Current building configuration leaves ample room for parking...a rarity on Main St!

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Taxing Authority: City of Houma, Terrebonne Parish
Tax ID/APN: R03C-23924
Zoning: C1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: On Main St, corner of Lafayette.
Property Visibility: Excellent
Largest Nearby Street: Main St and Park Av.
Traffic/Vehicle Count: 25,000
Airports: Houma-Terrebonne (Limited) 5mi, Louis Armstrong International 60mi
Site Description: Masonry/Frame building, gutted and in need of total renovation. Corner lot fronting on Main St, backing on Bayou Terrebonne (no bulkhead currently). Both Main St and water frontage are around 66'. When looking at building from street, it is situated on the left border against the neighboring building, through it is not a common wall. The building's right side facade is around halfway into property's width. Front the right facade to the right property line is currently parking.
Area Description: Urban, downtown area near local government, entertainment, and shopping.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Poor
Year Built: 1950
Roof Type: Other
Construction/Siding: Brick, Concrete
Parking Type: Surface
Sprinklers: None
Interior Description: Gutted, open
Lot Frontage: 66'
Lot Depth: 87'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: LOT 2 BLOCK 1 MAIN & LAFAYETTE STREETS. CB 2032/531.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,322 44,252 70,883
Median Age: 37.42 36.16 35.16
Households: 5,134 17,142 26,383

Contact

Photograph of Listing Agent

Troy D Jowers

Pogo Realty, LLC Metairie, LA 70001
LACDB Member
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