5287 W Park Ave NK Houma, LA 70364
For Sale
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This exceptional 303-acre commercial land parcel presents a significant investment opportunity in Houma, Louisiana. Strategically located between Highway 90 and the city of Houma, this property boasts extensive frontage on West Park Avenue, offering unparalleled visibility and accessibility. The land is comprised of multiple sections, providing flexibility for diverse development plans. A key highlight is the prominent corner lot at the intersection of Coteau Road and Country Estate Drive, offering high-impact exposure. Another notable section is situated adjacent to Coteau-Bayou Blue Elementary School on Country Estate Drive, presenting unique development possibilities. The property's versatility allows for a range of commercial and/or residential projects. Prospective buyers are responsible for verifying all information and ensuring compliance with all applicable local planning and zoning regulations. The entire tract is subject to these regulations, and due diligence is strongly recommended before any purchase. This substantial land holding offers considerable growth potential for discerning investors and developers seeking a prime location in a thriving community. The asking price for this expansive property is $6,900,000. The square footage is not currently available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.