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Two-Building Office Property
For Sale
$375,000

502 ROUSSELL STREET, Houma, LA 70360

Commercial Sale, Houma, LA

Property Size2,326 SF
Lot Size0.16 Acres
Price / SF$161.22
Days on Market121

Property Features for 502 ROUSSELL STREET

General Information

Property type Commercial Sale
Property subtype Other
Zoning C1
Parking 10
Parking features Parking Lot, On Street
Lot features Corner Lot
Standard status Active
APN 21172
Size 2,326 SF
Lot size 0.16 Acres

Additional Details

Property Use Office

Taxes and HOA fees

Tax Description see legal title
Tax Annual Amount 1718
Legal Description see legal title

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air, Ceiling Fan(s)
Water source Public

Building Details

Year built 1919
Floors in Building 1
Flooring type Wood, Tile - Ceramic, Vinyl, Tile
Buildings 2
Listing Agency: KELLER WILLIAMS REALTY BAYOU P
Listed By: Michelle J Parsons · License #18238
Added: Jun 26 Changed: Oct 23 Last Checked: Oct 24 at 10:06AM
MLS# 2026011872

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 2,326-square-foot office property comprises two buildings on a 0.16-acre corner parcel. The primary building contains five offices, a reception and lobby area, built-in shelving, hardwood flooring, and a kitchenette. The second structure adds two offices, a kitchenette, one bathroom, and ceramic tile flooring. The property was built in 1919 and is zoned C1.

Ten parking spaces are available on the lot, with shade from mature magnolia trees. The property is in Flood Zone X and sits near the Houma courthouse, hospital, shops, and restaurants. Public water and sewer serve the site; natural gas is available.

Key Highlights

  • Two office buildings totaling 2,326 square feet
  • Seven offices across both buildings, plus reception and lobby space
  • 0.16‑acre corner parcel with 10 parking spaces

Property Analytics

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Current Use

Alexander M Crighton ... Law Firm Douglas H Greenburg ... Law Firm Brown Paul E Law Firm

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Travel Agency 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.

Lease Details

7
Office units

Location Intelligence

Trade Area within ½ mile

1,499
Businesses Nearby

Demographics for 70360, LA

28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - Two separate structures provide a combined seven offices, reception space, and on-site parking.
Where is this office building located?
The property is located at 502 ROUSSELL STREET Houma, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two office buildings totaling 2,326 square feet; Seven offices across both buildings, plus reception and lobby space; 0.16‑acre corner parcel with 10 parking spaces
More about this property
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