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Houma Retail Center Outparcel Space
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1556 Martin Luther King Jr Blvd, Houma, LA 70360

Retail space available in established Houma shopping center.

Space SizeContact for details
Property Size8,031 SF
Days on Market1228

Property Features for 1556 Martin Luther King Jr Blvd

General Information

Standard status Active
Size 8,031 SF
Class B
Property subtype Retail
Lease Type NNN

Building Details

Building Size 8,031 SF
Tenancy Single
Listing Agency: Corporate Realty
Listed By: Austin Lavin · License #LA SALE.0995683576-ACT
Source: Crexi
Added: Apr 24, 2023 Changed: Aug 26 Last Checked: Aug 31 at 3:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corporate Realty

Investment Insights

Based on property information with market context.

Houma Power Center is a 98,586-sf shopping center situated along Martin Luther King, Jr. Blvd, a main retail corridor in Houma. The center's established national tenants include Northern Tool, Old Navy, and 2nd & Charles. Located adjacent to Lowe’s Home Improvement and directly across the street from Walmart Supercenter, the center benefits from a high-traffic location near a large variety of restaurants, retailers, fitness centers, service providers, and hotels. The center has one 8,031-sf outparcel available for lease. The landlord is considering redevelopment possibilities, such as subdividing into three smaller retail spaces, as well as installing a drive-thru lane. Potential subdivision options are under consideration.

Key Highlights

  • Located in a high‑traffic retail corridor on Martin Luther King, Jr. Blvd.
  • Anchored by established national tenants including Northern Tool, Old Navy, and 2nd & Charles.
  • Adjacent to Lowe’s Home Improvement and across from Walmart Supercenter.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Electrical Service Locksmith Plumbing Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

889
Businesses Nearby
Under-served
Demand for This Use

Demographics for 70360, LA

28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available in established Houma shopping center.
Where is this shopping center located?
The property is located at 1556 Martin Luther King Jr Blvd Houma, LA.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Located in a high‑traffic retail corridor on Martin Luther King, Jr. Blvd.; Anchored by established national tenants including Northern Tool, Old Navy, and 2nd & Charles.; Adjacent to Lowe’s Home Improvement and across from Walmart Supercenter.
(504) 432-1232 Call to check price and availability
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