6400 Park Ave Houma, LA 70364
- Lifestyle centers
- 102,500 SF
- 0.99 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 6400 Park Ave
- Year built
- 1950
- Lot size
- 0.99 lot acres
- Property size
- 102,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 102,500 square foot retail property, situated on a 0.99-acre lot in Houma, Louisiana, presents a compelling investment opportunity. Located at 6400 W Park Ave, 70364, this single-story, multi-tenant shopping center boasts a prominent position within a thriving retail corridor. Built in 1950 and extensively renovated in 2004, the property is zoned for commercial use and features ample parking with 492 spaces. The property's location offers significant advantages, being approximately one mile from Southland Mall, a major regional shopping destination, and directly adjacent to Cannata's Family Market, a well-established regional grocery store. The property's Assessed Parcel Number (APN) is R03-15991. With a total asking price of $500,000, this translates to a land value of $505,051 per acre, reflecting the high demand for retail space in this area. The property's substantial size and prime location make it ideal for a variety of retail uses, offering significant potential for long-term growth and return on investment. This is a rare opportunity to acquire a well-established, high-traffic retail property in a rapidly developing market. The property's history of successful tenancy further underscores its value and potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne Parish
- State
- Louisiana
- Longitude
- -90.7498
- Latitude
- 29.6234
