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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1556 Martin Luther King Jr Blvd Houma, LA 70360

8,031 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 8,031 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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