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    1832 Martin Luther King Blvd Houma, LA 70360

    For Sale
    $1,766,308

    Prime C-2 zoned land, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 76,796 square foot commercial land parcel presents a remarkable investment opportunity in Houma, Louisiana. Located at 1832 Martin Luther King Blvd, this property boasts a prime location on a major retail corridor, directly across from Walk-On's and adjacent to Regions Bank at the corner of Citiplace Drive and MLK Blvd. The area enjoys high visibility and significant daily traffic exceeding 30,000 vehicles. Its strategic position offers easy access to numerous established businesses, including Synergy Bank, Rouses Grocery Store, Sam's Club, Walmart, and Lowe's. Zoned C-2 Commercial, this site is ideal for a variety of commercial developments, particularly a standalone restaurant or fast-food drive-thru establishment. The asking price is $1,766,308, translating to a land value of $23 per square foot. The property's APN is R03-14743. Development is planned upon securing a lease for the majority of the space. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a thriving retail area. Don't miss this chance to capitalize on this exceptional investment potential.

    Property Features for 1832 Martin Luther King Blvd

    General Information

    Property type
    Land

    HighLights

    • $1,766,308 asking price.
    • 76,796 SF lot size.
    • C‑2 Commercial zoning.
    • $23/SF land value.
    • Located at 1832 Martin Luther King Blvd, Houma, LA 70360 (APN R03‑14743).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.7620563
    Latitude
    29.6296945

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    FAQs

    What type of property is this?
    Land - Prime C-2 zoned land, high traffic area.
    Where is this land located?
    The property is located at 1832 Martin Luther King Blvd Houma, LA.
    What is the asking price?
    The asking price for this property is $1,766,308.
    What are key features of this property?
    This property features: $1,766,308 asking price.; 76,796 SF lot size.; C-2 Commercial zoning.
    Request Owner's contact information
    1832 Martin Luther King Blvd Houma, LA 70360
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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
    1832 Martin Luther King Blvd Houma, LA 70360
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