A-1 Martin Luther King Blvd Houma, LA 70360
This exceptional 2.46-acre commercial land parcel, identified as Parcel A-1 & E, is strategically located on Martin Luther King Boulevard in Houma, Louisiana, zip code 70360. Situated in Houma's primary commercial corridor, this property presents a rare development opportunity. The land is zoned C-1, allowing for a diverse range of commercial uses, including retail, fast food establishments, multi-family residential, medical facilities, and office spaces. A detailed list of permitted uses under the C-1 zoning is available upon request. This location offers excellent visibility and accessibility, benefiting from its position within a thriving commercial area serving the entire Terrebonne Parish. The asking price is $1,675,000. The seller is motivated to achieve a swift closing. This is one of the last available developable parcels in this high-demand location, making it an exceptional investment opportunity. The property's coordinates are 29.6142282 latitude and -90.7547683 longitude. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.