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Property profile & analytics
OFF-MARKET
Power centers

1539 Martin Luther King Blvd Houma, LA 70360

286,905 SF 29.79 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Power centers
Total area 286,905 SF
Lot 29.79 ac (1,297,740 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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