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    116 Citiplace Dr Houma, LA 70360

    For Sale
    $345,477

    Prime location, high traffic, C-2 zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land parcel, located at 116 Citiplace Dr in Houma, Louisiana, presents a unique investment opportunity. Boasting a lot size ranging from 19,500 to 60,021 square feet, this property sits on Houma's main retail corridor, directly across from Walk-On's and adjacent to Regions Bank. Its strategic corner location at Citiplace Drive and MLK Blvd offers unparalleled visibility and accessibility. The area boasts high traffic volume, exceeding 30,000 vehicles daily. Nearby established businesses include Synergy Bank, Rouses Grocery Store, Sam's Club, Walmart, and Lowe's, ensuring a strong customer base. Zoned C-2 Commercial, this site is ideal for a variety of commercial developments, particularly a standalone restaurant or fast-food drive-thru. Construction will commence upon securing a lease for the majority of the space. The sale terms require cash to the seller. The property is situated within the Houma-Thibodaux Metropolitan Statistical Area (MSA) in Terrebonne Parish, Louisiana, zip code 70360. This is a rare chance to acquire a prime commercial lot in a thriving retail hub.

    Property Features for 116 Citiplace Dr

    General Information

    Property type
    Land

    HighLights

    • Gross land area: 19,500 - 60,021 square feet.
    • Cash sale.
    • Located in the Houma‑Thibodaux MSA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.7600109
    Latitude
    29.6245289

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    FAQs

    What type of property is this?
    Land - Prime location, high traffic, C-2 zoning
    Where is this land located?
    The property is located at 116 Citiplace Dr Houma, LA.
    What is the asking price?
    The asking price for this property is $345,477.
    What are key features of this property?
    This property features: Gross land area: 19,500 - 60,021 square feet.; Cash sale.; Located in the Houma-Thibodaux MSA.
    Request Owner's contact information
    116 Citiplace Dr 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
    116 Citiplace Dr Houma, LA 70360
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