Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1832 Martin Luther King Blvd Houma, LA

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    Proposed commercial development site on Houma's main retail corridor.

    Property size:
    13,000 SF
    Lot size:
    3.87 Acres

    Property Features for 1832 Martin Luther King Blvd

    General Information

    Size
    13,000 SF
    Lot size
    3.87 Acres

    Source: Southeast Commercial Real Estate Agent Matt Eaton CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Development Opportunity

    This prime commercial development opportunity is located on Houma’s main retail corridor, across the street from Walk On’s and adjacent to Regions Bank, at the corner of Citiplace Drive and Martin Luther King Boulevard. The location is near Synergy Bank's Main Office, Rouses Grocery Store, Sam’s Club, Wal-Mart, and Lowe's. Zoned C-2 Commercial, the developer will break ground once a lease for the majority of the space is executed. With a traffic count of over 30,000 cars daily, this site is suitable for a standalone restaurant or fast food drive-thru restaurant. The property offers 13,000 square feet of space with shell rent at $21 per square foot per year and buildout at $30 per square foot per year.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.7195348
    Latitude
    29.5957696

    Nearby Similar for Lease

    • $4,000 /Mo
      4,849 SF

      Office Space in Prime Location

      Office suites for lease near courthouse, restaurants, and parking.
      7720 Main St, Houma, LA 70360
      View Details
    • $4,680 /Mo
      4,680 SF

      Prime Retail/Office Space in Houma

      Move-in ready retail or office space at a busy intersection.
      500 Corporate Dr, Houma, LA 70360
      View Details
    • $850 /Mo
      831 SF

      Downtown Office Suite For Lease

      Functional office suite in downtown Houma, perfect for professional services.
      209 Goode St, Houma, LA 70360
      View Details
    • $4,200 /Mo
      3,141 SF

      Houma Office Building For Rent

      Office building with nine offices in high-traffic Houma location.
      4924 Highway 311, Houma, LA 70364
      View Details
    • $3,500 /Mo
      5,430 SF

      Houma Commercial Warehouse For Lease

      Commercial warehouse space available for lease in Houma, Louisiana.
      3512 Industrial Avenue A, Houma, LA 70363
      View Details
    • $4,000 /Mo
      3,856 SF

      Houma Commercial Space For Rent

      Pre-engineered steel building suitable for office, daycare, salon, or retail.
      6259 W Main St, Houma, LA 70360
      View Details

    FAQs

    What type of property is this?
    Commercial land - Proposed commercial development site on Houma's main retail corridor.
    Where is this commercial land located?
    The property is located at 1832 Martin Luther King Blvd Houma, LA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Houma's main retail corridor with **high traffic count (30,000+ cars daily)**.; - Zoned C-2 Commercial, **ideal for a standalone restaurant or fast-food drive-thru**.; - Adjacent to Regions Bank on the corner of Citiplace Drive and MLK Blvd.
    (504) 339-2136
    Request Owner's contact information
    1832 Martin Luther King Blvd Houma, LA
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1832 Martin Luther King Blvd
    Houma, LA
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1832 Martin Luther King Blvd Houma, LA
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.