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    1702 Grand Caillou Rd Houma, LA 70363

    Sponsored
    For Sale
    $399,000

    Prime Medical Office Location, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 5.57-acre commercial land parcel in Houma, Louisiana, presents a unique investment opportunity. Located at 1702 Grand Caillou Road, the property boasts 365 feet of frontage on a busy thoroughfare, offering exceptional visibility and accessibility. Its strategic location is adjacent to three newly constructed hotels and the Leonard J. Chabert Medical Center, making it ideal for a medical office complex or related development. The lot features significant dimensions, measuring 635 feet deep and 365 feet wide, providing ample space for a substantial project. A key advantage is the property's separate ingress/egress from Picone Road, a mere 0.10 miles from the hospital. This access point provides crucial municipal sewage access, a feature unavailable to neighboring properties on Grand Caillou Road. Situated in a rapidly growing area of south Houma, this land benefits from the development of a medical district, proximity to port activity, and a nearby industrial park. The asking price is $399,000, translating to $71,634 per acre. The property's APN is 59965. Covenants and restrictions apply. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area with significant potential for future growth and development.

    Property Features for 1702 Grand Caillou Rd

    General Information

    Property type
    Land
    Lot Size
    242,629 SF

    HighLights

    • Generous 635ft lot depth.
    • 365ft wide lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.6828995
    Latitude
    29.5672182

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    FAQs

    What type of property is this?
    Land - Prime Medical Office Location, High Visibility
    Where is this land located?
    The property is located at 1702 Grand Caillou Rd Houma, LA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Generous 635ft lot depth.; 365ft wide lot.;
    Request Owner's contact information
    1702 Grand Caillou Rd Houma, LA 70363
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    Houma, LA 70363
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1702 Grand Caillou Rd Houma, LA 70363
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