Current Use by Public Records
- Power centers
Property Details for 1539 Martin Luther King Blvd
- Lot size
- 29.79 lot acres
- Property type
- Power centers
- Property subtype
- Community centers
Description
This exceptional retail property, the Houma Shopping Center, presents a prime investment opportunity in Terrebonne Parish's thriving retail hub. Located in Houma, the largest city in the parish and the principal city of the Houma-Bayou Cane-Thibodaux Metropolitan Statistical Area, this single-story, 286,905 square foot community center boasts a strong tenant mix. The center is anchored by major national retailers including Walmart Supercenter, HomeGoods, Planet Fitness, Petco, and Marshalls, ensuring high foot traffic and visibility. Currently, there are two spaces available, ranging from 3,000 to 8,000 contiguous square feet, totaling 11,000 square feet of vacant space. The property sits on a substantial 29.79 acres of land, providing ample parking and potential for future expansion. Its strategic location is further enhanced by the proximity of other major national retailers such as Lowe's, The Home Depot, Target, and Best Buy, as well as popular restaurants including Outback Steakhouse, Chili's, and Chick-fil-A, creating a synergistic retail environment. This well-established center offers a unique opportunity to capitalize on a strong retail market within a densely populated area. The property's size and location make it ideal for a variety of retail uses.
Value Estimations
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AI approach
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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
- -90.7492
- Latitude
- 29.6081
