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    1885 Martin Luther King Blvd Houma, LA 70360

    For Sale
    $2,735,132

    High-traffic location, ready-to-build lots.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents multiple vacant land parcels totaling .74 to 2.79 acres situated on Martin Luther King Boulevard in Houma, Louisiana. The property boasts a highly desirable location on one of the city's busiest thoroughfares, offering unparalleled visibility and accessibility. Positioned near established businesses such as Take 5 Oil Change, Blue Marlin Car Wash, and Smoothie King, this site benefits from significant daily traffic volume, ensuring maximum exposure for any future development. The land is ready for immediate development, with utilities readily available. The property features high elevations and includes pre-emptive drainage mitigation, eliminating potential development delays and cost overruns. The site is divisible, offering flexibility for various development scenarios. Individual lot sizes range from 53,716 square feet (Lot A-4) to 32,534 square feet (Lot A-6), all with frontage on Martin Luther King Boulevard. The asking price is $2,735,132, with a land value of $21 per square foot. The property's APN is R03-14743. This prime location, combined with its build-ready condition and flexible lot sizes, makes this an exceptional opportunity for investors seeking high-impact commercial development in a thriving Louisiana market. The address is 1885 Martin Luther King Blvd, Houma, LA 70360.

    Property Features for 1885 Martin Luther King Blvd

    General Information

    Property type
    Land
    Lot Size
    32,234 SF

    HighLights

    • $2,735,132 asking price for land zoned for office and retail use.
    • 0.74 to 2.79 acres available in Houma, LA.
    • $21/SF land value.
    • Located at 1885 Martin Luther King Blvd, Houma, LA 70360, on a high‑traffic thoroughfare.
    • Utilities available; site work complete; ready for development.
    • Subdivision possible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.7626312
    Latitude
    29.6285639

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    FAQs

    What type of property is this?
    Land - High-traffic location, ready-to-build lots.
    Where is this land located?
    The property is located at 1885 Martin Luther King Blvd Houma, LA.
    What is the asking price?
    The asking price for this property is $2,735,132.
    What are key features of this property?
    This property features: $2,735,132 asking price for land zoned for office and retail use.; 0.74 to 2.79 acres available in Houma, LA.; $21/SF land value.
    Request Owner's contact information
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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
    1885 Martin Luther King Blvd Houma, LA 70360
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