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Houma Meat Market and Restaurant

730 Corporate Drive, Houma, LA 70360

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For Sale

$1,450,000

5,003 SF meat market/restaurant on 1.059 acres for sale.

Type:Commercial/Industrial

Property size:

5,448 SF

Lot size:

1.06 Acres

Price / SF:

$266/SF

HighLights

Recently built (2018) 5,003 SF meat market/restaurant.
Located on 1.059 acres off Martin Luther King Blvd. in Houma, a retail corridor serving 4 parishes.
Includes 1,923 SF shop/seating area, 2,017 SF kitchen/prep areas, 445 SF office space, and 324 SF smoke room.
Features 1,852 SF of covered outdoor area.
28,816 SF of concrete parking and drive‑thru with 38 parking spaces.
Natural gas generator ensures uninterrupted business operation.

We can help!

Contact an agent

Melanie Rogers Bruce

For Sale

$1,450,000

5,003 SF meat market/restaurant on 1.059 acres for sale.

Type:Commercial/Industrial

Property size:

5,448 SF

Lot size:

1.06 Acres

Price / SF:

$266/SF

Added:: Feb 11, 2025
Days on Market:: 501
Last Refresh:: May 19 at 8:54 pm

Property Features for 730 Corporate Drive

General Information

Standard status: Active
Size: 5,448 SF
Lot size: 1.06 Acres
Property subtype: Commercial/Industrial

We can help!

Contact an agent

Melanie Rogers Bruce

Listing office KELLER WILLIAMS REALTY BAYOU P

Listing date Feb 11, 2025

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY BAYOU P

HighLights

Recently built (2018) 5,003 SF meat market/restaurant.
Located on 1.059 acres off Martin Luther King Blvd. in Houma, a retail corridor serving 4 parishes.
Includes 1,923 SF shop/seating area, 2,017 SF kitchen/prep areas, 445 SF office space, and 324 SF smoke room.
Features 1,852 SF of covered outdoor area.
28,816 SF of concrete parking and drive‑thru with 38 parking spaces.
Natural gas generator ensures uninterrupted business operation.

Overview

This recently built 5,003 square foot meat market and restaurant is situated on 1.059 acres. Opened in 2018, the building features 1,923 square feet of shop and seating area, 2,017 square feet of kitchen and prep areas, and 445 square feet of office space including a private restroom. Additionally, the property includes a 324 square foot smoke room and 294 square feet of other space. An additional 1,852 square feet of covered outdoor area is available. The property has 28,816 square feet of concrete parking and a drive-thru, with 38 parking spaces. A natural gas generator ensures uninterrupted business operations. The property is located just off Martin Luther King Blvd. in Houma, within the retail corridor serving 4 Parishes and the center of Terrebonne.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$117.7k	$21.60
− Vacancy	−$5.3k	−$0.97
EGI	$112.4k	$20.63
− OpEx	−$28.1k	−$5.16
NOI	$84.3k	$15.47

5,448 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,286 @ 7.0% cap · market cap 5.81%

Second Best

Retail

$749.2K

$655.6K – $874.1K (±1% cap)

NOI $52,445 @ 7.0% cap · market cap 3.62%

Theoretical Best

Office A

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $105,125 @ 7.0% cap · market cap 7.25%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Houma
County: Terrebonne
State: Louisiana
Longitude: -90.7591
Latitude: 29.6122

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For sale
Restaurants
LA
Houma
70360
730 Corporate Drive

What type of property is this?

Restaurant - 5,003 SF meat market/restaurant on 1.059 acres for sale.

Where is this restaurant located?

The property is located at 730 Corporate Drive Houma, LA.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: Recently built (2018) 5,003 SF meat market/restaurant.; Located on 1.059 acres off Martin Luther King Blvd. in Houma, a retail corridor serving 4 parishes.; Includes **1,923 SF shop/seating area**, 2,017 SF kitchen/prep areas, 445 SF office space, and 324 SF smoke room.