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    1556 Martin Luther King Jr Blvd Houma, LA 70360

    For Lease
    $17 SF/Yr ($11,377 /Mo)

    8,031 SF Outparcel in Thriving Center

    Lot size:
    8,031 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 8,031-square-foot Class A retail outparcel is located within the Houma Power Center, a 98,586-square-foot shopping center situated on Martin Luther King Jr. Blvd, a major retail thoroughfare in Houma, Louisiana. The property is a single-tenant space currently vacant, offering significant potential. The center boasts established national tenants including Northern Tool, Old Navy, and 2nd & Charles, and enjoys a high-traffic location adjacent to Lowe's Home Improvement and directly across from a Walmart Supercenter. The area also features a diverse mix of restaurants, retailers, fitness centers, service providers, and hotels, ensuring high visibility and customer traffic. The landlord is open to redevelopment options, including subdividing the space into three smaller units and adding a drive-thru lane, providing flexibility for potential tenants. This presents a unique opportunity to establish a presence in a vibrant retail environment with strong anchor tenants and significant growth potential. The property's address is 1556 Martin Luther King Jr Blvd, Houma, LA 70360. Further details regarding potential subdivision plans are available upon request.

    Property Features for 1556 Martin Luther King Jr Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,031 SF
    Class
    A
    Total Rate
    11377.25

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    8,031 SF
    Rate per SF
    $28

    HighLights

    • 8,031 SF Class A retail outparcel in Houma, LA's Houma Power Center.
    • Excellent visibility and high traffic count on Martin Luther King Jr. Blvd.
    • Located near strong anchor tenants including Northern Tool, Old Navy, Walmart, and Lowe's.
    • Landlord open to subdividing into three smaller units and adding a drive‑thru.
    • Currently vacant, offering redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.747920207015
    Latitude
    29.60864384986

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    FAQs

    What type of property is this?
    Individual retail property - 8,031 SF Outparcel in Thriving Center
    Where is this individual retail property located?
    The property is located at 1556 Martin Luther King Jr Blvd Houma, LA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 8,031 SF Class A retail outparcel in Houma, LA's Houma Power Center.; Excellent visibility and high traffic count on Martin Luther King Jr. Blvd.; Located near strong anchor tenants including Northern Tool, Old Navy, Walmart, and Lowe's.
    Request Owner's contact information
    1556 Martin Luther King Jr Blvd 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
    1556 Martin Luther King Jr Blvd Houma, LA 70360
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