1885 Martin Luther King Blvd Houma, LA 70360
- Retail properties
- 0.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1885 Martin Luther King Blvd
- Lot size
- 0.74 lot acres
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents multiple vacant land parcels totaling .74 to 2.79 acres situated on Martin Luther King Boulevard in Houma, Louisiana. The property boasts a highly desirable location on one of the city's busiest thoroughfares, offering unparalleled visibility and accessibility. Positioned near established businesses such as Take 5 Oil Change, Blue Marlin Car Wash, and Smoothie King, this site benefits from significant daily traffic volume, ensuring maximum exposure for any future development. The land is ready for immediate development, with utilities readily available. The property features high elevations and includes pre-emptive drainage mitigation, eliminating potential development delays and cost overruns. The site is divisible, offering flexibility for various development scenarios. Individual lot sizes range from 53,716 square feet (Lot A-4) to 32,534 square feet (Lot A-6), all with frontage on Martin Luther King Boulevard. The asking price is $2,735,132, with a land value of $21 per square foot. The property's APN is R03-14743. This prime location, combined with its build-ready condition and flexible lot sizes, makes this an exceptional opportunity for investors seeking high-impact commercial development in a thriving Louisiana market. The address is 1885 Martin Luther King Blvd, Houma, LA 70360.
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
- -90.7626
- Latitude
- 29.6286
