1556 Martin Luther King Jr Blvd Houma, LA 70360
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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