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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1740 Martin Luther King Blvd Houma, LA 70360

2.19 ac lot Built 2005
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located on the highly sought-after Martin Luther King Boulevard retail corridor in Houma, Louisiana, presents a unique investment opportunity. The property encompasses a substantial 27,458 square feet across two buildings situated on a 2.19-acre lot. The main building, constructed in 2005, boasts 24,258 square feet, featuring a spacious 10,000 square foot open showroom, a 2,114 square foot first-floor office area with break room and customer lounge, and a 2,900 square foot second floor with a large conference room, kitchenette, executive office, and additional office spaces. A climate-controlled 7,369 square foot service area includes four overhead access doors, six service bays, a dyno room, and a 1,875 square foot parts department with multi-level storage. The entire main building is climate-controlled and built on a 6-inch, 3,500 PSI concrete slab on pilings, with a first-floor slab elevation of 7.5 feet and 27-foot eave height. A 3,200 square foot rear shop, added in 2013, offers three roll-up doors, vapor lights, and a shop fan. The property is zoned C2 - General Commercial and is located in FEMA Flood Zone X. A recent land acquisition behind the adjacent Waffle House expands future development potential. This prime location on MLK Boulevard enjoys a daily traffic count of 30,980 vehicles and benefits from an eight-parish retail draw of 450,000 people, attracting numerous national brands. The property is available for both sale and lease.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2005
Lot 2.19 ac (95,396 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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