Restaurant Building with Street
1023 W Tunnel Blvd Houma, LA 70360
1023 W Tunnel Blvd, Houma, LA, 70360
$695,000
For Sale
$695,000
COMMERCIAL - Houma, LA
Property Size3,776 SF
Lot Size1.05 Acres
Price / SF$184.06
Days on Market355
Property Features for 1023 W Tunnel Blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 20
- Standard status
- Active
- Size
- 3,776 SF
- Lot size
- 1.05 Acres
Taxes and HOA fees
- Tax Description
- Lot "B" on Map Showing 1.053 Acre tract
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Brick, Metal Const
- Roof type
- Metal
- Additional Structures
- Storage
Listing Agency
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
6273 W Park Avenue, Houma, LA
Listed by
James Ricker · License #37498
(985) 870-3322
Added: Jul 29, 2025 Checked: Jul 18 at 2:06 am
MLS# 2025014161
Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale restaurant building is currently operated as Watergrill and totals 3,776 square feet on 1.053 acres. The property includes access from Polk St. Furniture, fixtures, and equipment are not included in the sale, though they may be negotiated separately.
The building sits on W. Tunnel Blvd in Houma and is described as highly visible and centrally located between downtown Houma and the MLK retail corridor. The surrounding area includes many single-family rooftops in all directions.
The existing restaurant configuration may be a practical fit for an operator looking to take over a turn-key style foodservice facility, or for an owner evaluating a restaurant or related retail use at a prominent corner-to-street access point. Prospective buyers should plan for a transition regarding FFE, with the option to negotiate for those items separately from the real estate purchase.
The building sits on W. Tunnel Blvd in Houma and is described as highly visible and centrally located between downtown Houma and the MLK retail corridor. The surrounding area includes many single-family rooftops in all directions.
The existing restaurant configuration may be a practical fit for an operator looking to take over a turn-key style foodservice facility, or for an owner evaluating a restaurant or related retail use at a prominent corner-to-street access point. Prospective buyers should plan for a transition regarding FFE, with the option to negotiate for those items separately from the real estate purchase.
Key Highlights
- Highly visible location between downtown Houma and the MLK retail corridor.
- Located on 1.053 acres with access from Polk St.
- Plenty of single‑family rooftops in all directions.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.6k | $21.60 |
| − Vacancy | −$3.7k | −$0.97 |
| EGI | $77.9k | $20.63 |
| − OpEx | −$19.5k | −$5.16 |
| NOI | $58.4k | $15.47 |
3,776 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$834.5K
$730.2K – $973.6K
NOI $58,418 @ 7.0% cap · market cap 8.41%
Second Best
Retail
$519.3K
$454.4K – $605.8K
NOI $36,349 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.04M
$910.8K – $1.21M
NOI $72,862 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Watergrill
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - For sale restaurant property on W. Tunnel Blvd with direct access from Polk St and strong central visibility.
Where is this restaurant located?
The property is located at 1023 W Tunnel Blvd Houma, LA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Highly visible location between downtown Houma and the MLK retail corridor.; Located on 1.053 acres with access from Polk St.; Plenty of single‑family rooftops in all directions.
