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Property profile

1556 Martin Luther King Jr Blvd Houma, LA 70360

OFF-MARKET
Retail properties & Spaces
8,031 SF
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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

Location

1556 Martin Luther King Jr Blvd Houma, LA 70360
Houma metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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