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    7491 Park Ave Houma, LA 70364

    Sponsored
    For Sale
    $500,000

    0.99 acres, high-traffic location, $500,000

    Property size:
    107,467 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.991-acre commercial land parcel presents a unique investment opportunity in Houma, Louisiana. Located at 7491 W Park Ave, this property boasts a highly desirable location within the thriving Colonial Acres Shopping Center. The site benefits from its proximity to a major regional shopping destination, Southland Mall, situated approximately one mile away, ensuring high visibility and consistent foot traffic. The property's adjacency to Cannata's Family Market, a significant regional grocery store, further enhances its appeal and potential for strong returns. With a total square footage of 107,467 and an asking price of $500,000, the price per square foot comes to $4.65. This outparcel presents a compelling opportunity for developers and investors seeking a strategically located site in a bustling retail corridor within Terrebonne Parish, Louisiana, zip code 70364. The property's location within a well-established commercial area offers immediate access to a large customer base and significant potential for future growth. This is an exceptional chance to acquire a prime piece of commercial real estate in a high-demand market. The property is zoned for commercial use.

    Property Features for 7491 Park Ave

    General Information

    Property type
    Land
    Square Feet
    107,467 SF
    Lot Size
    43,168 SF

    HighLights

    • 0.991‑acre commercial land parcel in Houma, LA's Colonial Acres Shopping Center.
    • Highly visible location near Southland Mall and Cannata's Family Market.
    • 107,467 square feet, priced at $500,000 ($4.65/SF).
    • Strategically located outparcel in a bustling Terrebonne Parish retail corridor (zip code 70364).
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bayou Towers Senior ... Senior Citizen Center

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.748945911349
    Latitude
    29.622205429916

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    FAQs

    What type of property is this?
    Land - 0.99 acres, high-traffic location, $500,000
    Where is this land located?
    The property is located at 7491 Park Ave Houma, LA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 0.991-acre commercial land parcel in Houma, LA's Colonial Acres Shopping Center.; Highly visible location near Southland Mall and Cannata's Family Market.; 107,467 square feet, priced at $500,000 ($4.65/SF).
    (504) 620-8145
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    7491 Park Ave Houma, LA 70364
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    Houma, LA 70364
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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
    7491 Park Ave Houma, LA 70364
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