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Commercial Land at Major Intersection
For Sale
$3,248,100

138 Executive Drive, Gray, LA 70359

Land, Gray, LA

Property SizeContact for details
Lot Size108.27 Acres
Days on Market466

Property Features for 138 Executive Drive

General Information

Property type Commercial Sale
Property subtype Other
Lot features Dead- End Lot, Dead- End Lot
Elementary school district Terrebonne Parish
Middle school district Terrebonne Parish
High school district Terrebonne Parish
Directions From W Park Ave., right onto Executive Drive
Subdivision No Area
Standard status Active
Lot size 108.27 Acres

Taxes and HOA fees

Tax Description Tract 3 containing +/- 108.27 acres located in Sections 4 & 5, T16S-R16 & R17E
Legal Description Tract 3 containing +/- 108.27 acres located in Sections 4 & 5, T16S-R16 & R17E

Utilities

Utilities Electricity Available
Listing Agency: KELLER WILLIAMS REALTY BAYOU P
Listed By: Hank Babin · License #57860
Added: May 29, 2025 Changed: Sep 4 Last Checked: Sep 6 at 4:06AM
MLS# 2025010219

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 commercial land offering comprises 108.27 acres of raw acreage at the intersection of US Highway 90, identified as Future I49, and LA Highway 24. The property is without zoning or recorded restrictions, with electricity available. Almost the entire tract lies within Flood Zone X.

Access is provided from Executive Drive after exiting onto LA Highway 24. Surrounding businesses and services include Best Western, Tractor Supply, Burger King, Taco Bell, Synergy Bank, medical providers, governmental services, H. L. Bourgeois High School, and a Terrebonne Parish Library branch. The tract is positioned 7 miles south of Thibodaux and 4 miles north of Houma.

Key Highlights

  • 108.27‑acre commercial land tract
  • Corner position at US Highway 90 (Future I49) and LA Highway 24
  • No zoning or restrictions

Property Analytics

Current Use

Commercial land

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby

Demographics for 70359, LA

9,591
Population
3,768
Households
2.5
Avg Household Size
35
Median Age
14%
College-Educated
82%
High-School Grad
14.4 sq mi
ZIP Area
666
Density / Sq Mi
$54,139
Median Household Income
$33,058
Median Earnings
$1,119
Median Rent
$161,300
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Unzoned acreage with electricity available and access from Executive Drive.
Where is this commercial land located?
The property is located at 138 Executive Drive Gray, LA.
What is the asking price?
The asking price for this property is $3,248,100.
What are key features of this property?
This property features: 108.27‑acre commercial land tract; Corner position at US Highway 90 (Future I49) and LA Highway 24; No zoning or restrictions
More about this property
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