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Corner Commercial Land
For Sale
$550,000

289 Service Road SE, Gray, LA 70359

COMMERCIAL - Gray, LA

Property SizeContact for details
Lot Size15.42 Acres
Days on Market4186

Property Features for 289 Service Road SE

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Bayou Blue
Elementary school district Terrebonne Parish
Middle school district Terrebonne Parish
High school district Terrebonne Parish
Directions Southwest corner of U.S. Highway 90 & LA Hwy. 316.
Standard status Active
Lot size 15.42 Acres

Taxes and HOA fees

Tax Description Tract FGHIJKF on Plat entitled Map Showing Propert
Legal Description Tract FGHIJKF on Plat entitled Map Showing Propert

Utilities

Utilities Electricity Available
Listing Agency: KELLER WILLIAMS REALTY BAYOU P
Listed By: Hank Babin · License #37498
Added: Feb 24, 2015 Changed: Aug 11 Last Checked: Aug 11 at 8:06PM
MLS# 117650

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 15.42-acre commercial land tract occupies a prominent corner along LA Hwy 316, near the US Hwy 90 corridor, which is identified as a future I-49 route. Elevations reach 6.6 feet across much of the property. Current flood-zone designations include C and A, while proposed Flood Zone X covers almost the entire tract.

The surrounding area includes the Wallace Thibodaux and Highland Oaks residential subdivisions, along with nearby office and industrial development. The property information identifies potential applications including industrial development, a strip retail center, food franchise, hotel, convenience store or gas station, and office building. Electricity is available. The tract is located in Gray, Louisiana, within Terrebonne Parish.

Key Highlights

  • 15.42‑acre commercial land tract
  • Located on LA Hwy 316 near US Hwy 90, identified as a future I‑49 corridor
  • High‑visibility corner location

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Restaurant Auto Repair Shop HVAC Service Parking Lot & Garage Storage Facility Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

37
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
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Frequently Asked Questions

What type of property is this?
Commercial land - High-visibility commercial tract with electricity available and multiple development concepts identified.
Where is this commercial land located?
The property is located at 289 Service Road SE Gray, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 15.42‑acre commercial land tract; Located on LA Hwy 316 near US Hwy 90, identified as a future I‑49 corridor; High‑visibility corner location
More about this property
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