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    1539 Martin Luther King Blvd Houma, LA 70360

    Sponsored
    For Lease
    $24 SF/Yr

    Grocery-anchored center; 11,000 SF available

    Lot size:
    286,905 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, the Houma Shopping Center, presents a prime investment opportunity in Terrebonne Parish's thriving retail hub. Located in Houma, the largest city in the parish and the principal city of the Houma-Bayou Cane-Thibodaux Metropolitan Statistical Area, this single-story, 286,905 square foot community center boasts a strong tenant mix. The center is anchored by major national retailers including Walmart Supercenter, HomeGoods, Planet Fitness, Petco, and Marshalls, ensuring high foot traffic and visibility. Currently, there are two spaces available, ranging from 3,000 to 8,000 contiguous square feet, totaling 11,000 square feet of vacant space. The property sits on a substantial 29.79 acres of land, providing ample parking and potential for future expansion. Its strategic location is further enhanced by the proximity of other major national retailers such as Lowe's, The Home Depot, Target, and Best Buy, as well as popular restaurants including Outback Steakhouse, Chili's, and Chick-fil-A, creating a synergistic retail environment. This well-established center offers a unique opportunity to capitalize on a strong retail market within a densely populated area. The property's size and location make it ideal for a variety of retail uses.

    Property Features for 1539 Martin Luther King Blvd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    286,905 SF
    Total Rate
    573810

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 117
    Size
    3,000 SF
    Rate per SF
    $24
    Space
    Suite 116
    Size
    8,000 SF

    HighLights

    • Retail property totaling 286,905 square feet.
    • Grocery‑anchored power center with multiple tenants.
    • 11,000 square feet of vacant space available, divisible in 3,000‑8,000 square foot units.
    • Situated on a 29.79‑acre lot in Terrebonne Parish, LA.
    • Strong tenant mix including Walmart, HomeGoods, Planet Fitness, Petco, and Marshalls, with additional national retailers nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Power centers

    Map

    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.74918779
    Latitude
    29.60809979

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    FAQs

    What type of property is this?
    Power center - Grocery-anchored center; 11,000 SF available
    Where is this power center located?
    The property is located at 1539 Martin Luther King Blvd Houma, LA.
    What is the lease rate?
    The lease rate is $0.00-$24 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 286,905 square feet.; Grocery-anchored power center with multiple tenants.; 11,000 square feet of vacant space available, divisible in 3,000-8,000 square foot units.
    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
    1539 Martin Luther King Blvd Houma, LA 70360
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