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    309 Goode St Houma, LA 70360

    For Sale
    $1,500,000

    Prime Downtown Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 22,000+ square foot, four-story mixed-use building, formerly the Thatcher Hotel, presents a unique investment opportunity in the heart of downtown Houma, Louisiana. Located at 309 Goode St, 70360, this historic property boasts a prime location directly across from the courthouse and steps from the post office, ensuring high visibility and foot traffic. The building currently generates income from various small office and business tenants. A significant advantage is its private 52-space parking lot, a rare find in this vibrant area. The untouched fourth floor offers substantial potential for expansion and increased revenue, perhaps through conversion to additional office space or residential units. The building's eligibility for historic tax credits provides additional financial incentives. This property represents a chance to restore a piece of Houma's history while capitalizing on its exceptional location and untapped potential. The asking price is $1,500,000.

    Property Features for 309 Goode St

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • $1,500,000 asking price for a mixed‑use office building.
    • 22,000+ square feet, four‑story building in downtown Houma, LA.
    • 52‑space private parking lot.
    • Currently generating income from existing small office and business tenants.
    • Untouched fourth floor offers significant value‑add potential and income expansion.
    • Eligible for historic tax credits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1ShotPhotos Photographer Rhonda’s Alterations Clothing Alteration Service NIFS Insurance Insurance Agency Ernest Ellender Life ... Life Coach Positive Beginnings Counseling ... Social Worker

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.721856700642
    Latitude
    29.596636612815

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Location, High Potential
    Where is this office property / space located?
    The property is located at 309 Goode St Houma, LA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for a mixed-use office building.; 22,000+ square feet, four-story building in downtown Houma, LA.; 52-space private parking lot.
    Request Owner's contact information
    309 Goode St Houma, LA 70360
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    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
    309 Goode St Houma, LA 70360
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